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E-commerce and logistics company Mailpac Group has launched an online shopping prepaid card in partnership with ePayment Group. The Mailpac ePay Mastercard will provide consumers that do not have internationally accepted credit cards a seamless way to shop at all online stores, including leading websites such as Amazon, eBay and Wish. “The reality is that not all Jamaicans have access to a bank account or have the ability to pay for items online. However, they have great awareness of the convenience, variety, and savings available and want to be able to obtain them. The Mailpac ePay Mastercard is our way of helping to solve that issue and unlock their access to the world of online shopping,” said Mark Gonzales, CEO of Mailpac Group. ....
Ice cream manufacturer, Caribbean Cream which trades as Kremi topped the market during Thursday’s trading on the Jamaica Stock Exchange (JSE). Kremi stock gained 15 per cent to close at $6.34, followed by Consolidated Bakeries which gained 14 per cent to $1.75 and Sterling Investments which gained 7.0 per cent to $5.56. The top declining stock was Victoria Mutual Investments down 5.0 per cent to $5.37. The JSE Combined Index advanced by 493.20 points (0.12 per cent) to close at 395,688.31. The JSE Index advanced by 213.26 points (0.05 per cent) to close at 394,522.77. The Junior Market Index advanced by 27.15 points (0.90 per cent) to close at 3,040.03. The JSE USD Equities Index declined by 0.42 points (0.20 per cent) to close at 210.85. The JSE Financial Index advanced by 0.02 points (0.02 per cent) to close at 99.20. The JSE Manufacturing & Distribution Index advanced by 0.28 points (0.30 per cent) to close at 94.47. ....
Mailpac becomes a provider of 'need' jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
Mailpac is looking at long-term solutions to freight lifting problems, as expenses increased in 2020 due to challenges in this area, the company’s executive chairman Khary Robinson has said. The company, nevertheless made record revenues of $1.7 billion at year-end December 2020 and a net profit of $442.72 million. This compares to three months net profit of $86.28 million in 2019 the period when operations of a restructured company began. Profit, it was noted, was 39.6 per cent ahead of IPO projections. The company’s IPO prospectus in December 2019 projected profits of $317.0 million in 2020. Robinson said that due to the significant spike in package volume, gross profit was adversely impacted by massive spending on charter flights and other freight solutions to offset the lack of capacity at traditional airlift channels. ....