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Mayberry Research 2021-10-05T03:32:45-05:00

RJR reports year end net profit of $145.23 Million for the 2016/17 financial year

RJR reports year end net profit of $145.23 Million for the 2016/17 financial year Radio Jamaica Limited (RJR) for the year ended March 31, 2017 recorded revenues of $5.23 billion, 127% higher than the$2.31 billion booked for the prior year. The quarter had a 110% increase to $1.20 billion (2016: $574.35 million).” The company noted this was, “due to the addition of GCML revenues and the pre-amalgamated RJR revenues registering a 2% increase.” Direct Expenses increased by 151% to $2.56 billion relative to $1.02 million for the same period in 2016. As a result, Gross Profit grew by 107% to