SSLVC reports six months net profit of $10.66 million
August 26, 2019 SSL Venture Capital Jamaica Limited (SSLVC) For the six months ended June 30, 2019 reported revenues of $132.10 million versus $43,725 reported in the prior year’s corresponding period. While for the quarter, SSLVC reported 38.51 million (2018: $43,725) in revenue. Cost of sales amounted to $112.68 million (2018: nil), thus resulting in gross profit of $19.42 million relative to $43,725 booked last year. Gross profit for the quarter amounted to $11.63 million versus $43,725 booked for the second quarter of 2018. Other operating income closed at $93.29 million (2018: $1.60 million). In addition, there was operating and administrative expenses
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SIL reports 10% growth in six months net profit
August 13, 2019 Sterling Investments Limited (SIL) for the six months ended June 30, 2019 reported interest income of $46.10 million, a 11% increase compared to $41.66 million booked twelve months earlier. Interest income for the quarter closed at $24.27 million compared to $20.69 million reported for the same quarter of 2018. Foreign exchange gain amounted to $28.84 million compared to the gain of $38.40 million booked the prior year’s quarter. Management noted, “The Jamaican dollar depreciated against the US dollar by J$2.57 or 2% for the six-month period ended June 2019, relative to the same period in 2018 when it