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Caribbean Market Update

LIME Q2 Net Loss Widens, Jamaica Producers Group Net Jumps

Author: Mukesh Buch
Last Update: 8:55 AM ET November 12 2014

LIME formerly Cable & Wireless Jamaica Limited, the Jamaica-based internet, mobile, and entertainment provider said revenue in the second-quarter ending in September climbed 15% to J$5.09 billion from J$4.44 billion a year ago.

Net loss in the quarter widened from a year ago to J$612 million or compared to J$604 million and earnings per share was flat at 3.6 cents a share from a year ago earlier.

Jamaica Producers Group Limited, the Jamaica based banana distributor reported gross profit in the third-quarter ending on September 27 jumped 11% to J$2.90 billion from J$1.89 billion a year earlier.

Net profit in the quarter surged 244% from a year ago to J$81.8 million or 52.48 cents per share compared to J$30.6 million or 16.74 cents per share.