VMIL reports 32% decline in six months net profit
Date: August 15, 2018 Victoria Mutual Investments (VMIL) for the six months ended June 30, 2018 reported total interest income of $353.66 million, a decline of 8% relative to the $385.41 million recorded for the corresponding period in 2017. Interest expense for the period amounted to $234 million, a 2% decline relative to the $239.84 million recorded in 2017. As such, Net interest income closed the period at $119.67 million, an 18% or $25.90 million decline relative to the $145.57 million recorded for the corresponding period in 2017. Net interest income for the quarter totaled $53.47 million, a 29% decline
JMMGBL reports 52% increase in three months net profit attributable to the shareholders
Date: August 14, 2018 JMMB Group Limited - (JMMBGL) for the three months ended June 30, 2018 booked Net interest income of $2.07 billion compared to $1.91 billion in 2017, an increase of 8%. Of this, Interest income grew by 7% to close at $4.24 billion, from the $3.96 billion booked in 2017, while interest expenses increased by 6% to total $2.17 billion relative to $2.04 billion in the prior year. JMMBGL highlighted that, “there was strong growth in the loan and investment portfolios.” Fees and commission income for the quarter amounted to $481.64 million, an improvement of 32% on the
MTL reports a 114% jump in year end net profit
August 13, 2018 Margaritaville (Turks) Ltd (MTL) for the year ended May 31, 2018, reported Total Revenue of US$6.02 million, an 8% decline relative to the US$6.53 recorded for the prior financial year. Total revenue for the quarter amounted to US$1.96 million, a growth of 3% compared with the US$1.89 million reported for the comparable quarter in 2017. Cost of sales for the period amounted to US$1.91 million, a 6% contraction relative to US$2.03 million recorded the previous year. This resulted in gross profit for the year of US$4.11 million, 9% lower than last year’s US$4.51 million reported in 2017. Gross