Portland JSX Limited (PJX) reports a 241% increase in Net Profit.
Portland JSX Limited (PJX) reports a 241% increase in Net Profit. (All figures in US Dollars unless otherwise stated. Portland JSX Limited (PJX) for the three months ended May 31, 2017, reported a net gain on financial assets classified as at fair value through profit or loss for the 2017 first quarter closing the quarter at $223,364, compared to $67,528. Interest Income from loans increased by 78.02% from $58,942 to $104,927 and the Company also recorded $98 in Other Income. Administrative and General Expenses increased significantly year on year, to $195,413 (2016/2017: $87,539), an increase of 123%. Consequently, once all
Daily Market Summary- July 13, 2017
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Ciboney reduced net loss year over year
The sole source of income, Financial Income declined by 25% to total $154,000 from $205,000 for the previous financial year. An exchange gain of $210,000 was realized relative to $856,000 for the 2016 financial year. Other expenses amounted to $5.42 million, 35% less than the $8.35 million recorded for the year ending May 31st, 2016. The company reported net loss of $5.24 million, this compares with the loss of $7.47 million for the same period last year. Net loss per share was 0.96 cents for the year ending May 31st, 2017 (2016: loss per share of 1.37 cents). The number