SIJL reports a 3% decline in Net Profit for six months ended April 30, 2017
Net Interest Income declined by 6% or $44.51 million when compared with the same period a year ago, to total $683.48 million. This as interest income fell by 7% to close at $1.37 billion (2016: $1.46 billion) while interest expenses decreased by 7% to close the period at $682.73 million (2016: $733.97). For the second quarter Net interest income amounted to $332.27 million down 8.7% from the $365.23 million reported in 2016. Net Fees and Commission Income amounted to $663.33 million, an 11% increase from $598.83 million last year. Net Foreign Exchange Trading Income totaled $8.76 million, a decrease of 47%
SGJ reports 14% growth in six months net profit attributable to stockholders
Scotia Group Jamaica Limited (SGJ) for the six months ended April 30, 2017 recorded an improvement in Net Interest Income to $13.17 billion, moving from $12.40 billion for the corresponding period in 2016, while Interest Expenses declined by 13% to total $2.23 billion (2016: $2.56 billion). Interest Income for the six months increase 3% to close at $15.40 billion relative to $14.96 billion. Within the second quarter, the bank posted a 6% improvement in Net Interest Income to $6.54 billion (2016: $6.17 billion), stemming from a 3% growth Interest Income to $7.63 billion (2016: $7.42 billion) and a 13% decline in Interest
Daily Market Summary- June 8, 2017
Daily Market Summary 08.06.17