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Caribbean Earning News

Hardware & Lumber Q3 Net Drops 66%, Scotia Group Jamaica Q4 Net Surges 43%

Author: Mukesh Buch
Islandjournal.net
Last Update: 6:54 AM ET December 03 2015


Hardware & Lumber Limited, the Jamaica-based building material maker reported revenue in the third-quarter ending in September increased 7.5% from a year ago to J$1.85 billion.

Net profit in the quarter tumbled 66.4% from a year ago to J$14.8 million or 18 cents per share compared to J$64.1 million or 79 cents per share.

Scotia Group Jamaica Limited, the Jamaica-based financial service provider reported interest income in the fourth-quarter ending in October slipped 2.5% from a year ago to J$7.64 billion.

Net profit in the quarter surged 42.7% from a year ago to J$3.91 billion or J$1.26 per share compared to J$2.74 billion or 72 cents per share.


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