PBS reports nine months total comprehensive income of US$219,000
Date: November 13, 2019 Productive Business Solutions Limited (PBS) for the nine months ending September 30, 2019 reported an increase in revenues from US$125.48 million for the 2018 period to US$132.20 million in 2019, a 5% increase. For the quarter, revenues increased 8% to total US$47.12 million relative to US$43.47 million the prior quarter. Direct expenses increased 3% to close the period at US$74.12 million when compared to US$71.93 million for the same period of 2018. As such, gross profit for the nine months rose by 8% to US$58.08 million (2018: US$53.55 million). PBS noted, “the increase was attributed to
SIL reports 11% increase in nine months net profit
November 13, 2019 Sterling Investments Limited (SIL) reported a 5% growth in total revenue to $140.94 million compared to $133.89 million recorded for the corresponding period in 2018. Revenue for the second quarter rose 14% to $64.16 million compared to $56.05 million reported for the third quarter of 2018. Of total revenue: Interest income for the nine months closed the period at $71.44 million, up 14% from the $62.62 million for the comparable period in 2018. Gain on disposal of available for sale securities for the period amounted to $3.32 million relative to a loss of $339,777 twelve months earlier.
VMIL reports 106% growth in nine months net profits
November 13, 2019 Victoria Mutual Investments Limited (VMIL), for the nine months ending September 30, 2019 reported total interest income of $615.37 million, an increase of 18% relative to the $523.24 million recorded for the corresponding period in 2018. Interest income for the quarter improved 26% to $216.96 million relative to 172. 17 million. Interest expense for the period amounted to $402.31 million, an 18% increase relative to the $340.97 million recorded in 2018. As such, net interest income closed the period at $213.06 million, a 17% increase relative to the $182.28 million recorded for the corresponding period in