Caribbean Markets Index Value   Change +-% USD EURO GBP CAD
Bahamas BISX All Share Index1,827.47-0.02 0.00% 1.00 1.26 1.53 1.53
Barbados BSE 1000 Index656.560.00 0.00 1.98 2.13 2.82 1.37
Jamaica JSE Market Index156,273.84-4,573.60 -2.84% 120.31 112.32 172.13 80.51
Trinidad TTSE Composite1,164.821.15 0.10% 6.40 6.90 8.96 4.45

Caribbean Market Update

JMMB Profit Declines, Radio Jamaica Net Swings to Profit, SIJ Q2 Net Jumps

Author: Mukesh Buch
Last Update: 8:48 AM ET May 31 2014

Jamaica Money Market Brokers Limited, the Jamaica-based financial broker reported net interest income in the year ending in March climbed 9% to J$12.28 billion from J$11.25 billion a year earlier. Net profit in the year plummeted 20.7% to J$3.06 billion or J$1.74 per share compared to J$3.86 million or J$2.35 per share in the year ago.

Radio Jamaica Limited, the Jamaica-based broadcasting company reported revenue in the year ending in March increased 3.4% to J$1.84 billion from J$1.78 billion in the same year last year. Net in the year swung to profit J$59.5 million or 17 cents per share compared to a loss of J$29.8 million or 9 cents per share in the year ago earlier.

Scotia Investments Jamaica Limited, the Jamaica-based investment company reported gross operating revenue in the second-quarter ending in April jumped 11.7% to J$1.62 billion from J$1.45 billion in the same quarter last year. Net income in the quarter climbed 11.7% to J$415.3 million or 98 cents per share compared to J$371.8 million or 88 cents per share in the year ago earlier.