JSE reports 35% decline in six months Net Profit but saw 41% increase for second quarter.
JSE reports 35% decline in six months Net Profit but saw 41% increase for second quarter. Jamaica Stock Exchange (JSE) For the six months ended June 30, 2017 the Jamaica Stock Exchange (JSE) recorded total revenue of $477.65 million, a 5% decrease when compared to the $501.51 million booked the prior year’s corresponding period. For the quarter, the company reported a 35% increase in total revenue to close the quarter at $236.58 million (2015: $174.68 million), this change the JSE attributed to increases in all revenue streams. The revenue line items moved as follows for the six months: Cess income
LASF reported a 16% increase in first quarter net profit
LASF recorded trading income of $302.68 million; this represented a growth of 27% or $65.2 million compared to the $237.48 million for corresponding period in 2016. Other income amounted to $16.54 million (2016: $23.17 million), a decrease of $6.63 million which resulted in total income of $319.23 million, a growth of 22% compared to the $260.65 million for corresponding period in 2016. According to management, “In the previous Financial Year we began our implementation of the strategy to expand our Loans Division by adding a Business Loans Unit. During this first quarter, we began the reorganization of the division to
Featured Stock: GraceKennedy Limited (GK)
Please click below to view today’s Weekly Stock Pic. Weekly Picks 24.07.17 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.