Whose Fingers In this Cookie Jar

[Q3210]

Leaves one to wonder as to where the cream was skimmed off and by whom. Was it a minister of state in mining and energy?

http://www.radiojamaica.com/content/view/5590/52/

Another utility company has released disappointing financial results.

The Jamaica Public Service Company (JPS) suffered a $306 million loss for its financial year ended December.

This was a major decline from the $1.9 billion profit recorded for 2006.

Despite revenue increasing by $6 billion to $54 billion for the 12 months, the rising cost of fuel placed a damper on the power company's financial performance.

During the year, JPS spent $32.7 billion on fuel compared to $26.6 billion in the previous year.

The utility company also faced increased operating expenses with the cost of maintenance up by $600 million at $5 billion.

News of JPS's financial loss comes just days after another listed utility company Cable and Wireless released poor results.

For the nine months ended December 2007, CWJ suffered a $493 million loss.

In the meantime, Palace Amusement Company Limited has seen a turnaround in its financial performance.

The company reversed the $7 million loss it suffered in July to December 2006 by recording a near $10 million profit during the three month period last year.

Revenue for the six months was also up at $235 million, a near $40 million increase over the figure in 2006.

[sistactry]

Re: Whose Fingers In this Cookie Jar

too much ppl a teef lite,

him betta go check Azan~

[Dr.Dudd]

Re: Whose Fingers In this Cookie Jar

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SistaCtry</div><div class="ubbcode-body">too much ppl a teef lite,

him betta go check Azan~ </div></div> there is another big business in the Montego freeport that just get indicted fi teef lite,but you won't see th emane unless the media are forced to publish it.
open season is on Only PNP . .

[Dr.Dudd]

Re: Whose Fingers In this Cookie Jar

Montego Bay company cited for stealing electricity
Thursday, 21 February 2008
A major company at the Montego Freeport in St. James has reportedly been cited for illegally extracting electricity from the Jamaica Public Service (JPS).

Our news centre has been informed that the Montego Bay Police were called in on Tuesday to assist JPS personnel to prosecute the operators of the entity.

The company's name has not been disclosed pending further investigations.

JPS External Manager Kathy Cooke told RJR News that the move was part of continued efforts to reduce electricity theft.

Representatives of JPS' Loss Reduction Team reportedly discovered a direct connection to the power company's lines during an investigation.

JPS will be taking steps to recover the cost for the electricity stolen.

Another major company in the parish was recently cited for electricity theft after equipment used to adjust the rate of power used was allegedly found on the premises.

[RichD]

Re: Whose Fingers In this Cookie Jar

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SistaCtry</div><div class="ubbcode-body">too much ppl a teef lite,

him betta go check Azan~ </div></div> there is another big business in the Montego freeport that just get indicted fi teef lite,but you won't see th emane unless the media are forced to publish it.
open season is on Only PNP . . </div></div> so is a JLP company?[img]/forums/images/%%GRAEMLIN_URL%%/70402-thinking.gif[/img]