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Caribbean Market Update

JSE Yearly Net Tumbles, Jamaica Broilers Q1 Profit Plummets

Author: Mukesh Buch
Last Update: 7:59 AM ET September 17 2014

Jamaica Stock Exchange Limited, the Jamaica-based stock exchange operator reported operating income in the year ending in December declined 41.4% to J$295.6 million from J$504.3 million a year ago period.

Net profit in the year tumbled 94.5% from a year ago to J$7.19 million or 6 cents per share compared to J$129.9 million or J$1.16 per share.

Jamaica Broilers Group Limited, the Jamaica-based diversified agriculture products maker said revenues in the first-quarter ending on August 2 soared 13% to J$7.89 billion from J$7.02 billion a year ago period.

Net profit in the quarter plummeted 18.9% from a year ago to J$113.6 million or 9.47 cents per share compared to J$140.1 million or 11.68 cents per share.