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Caribbean Market Update

MIL, Sagicor Group Profit Climb, BRG Q1 Net Loss Narrows

Author: Mukesh Buch
Last Update: 1:59 AM ET August 13 2014

Berger Paints Jamaica Limited, the Jamaica-based paint company reported sales in the first-quarter ending in June jumped 10% to J$387.2 million from J$352.1 million a year ago.

Net loss in the quarter narrowed from a year ago to J$0.37 million or break even per share compared to J$3.16 million or break even per share.

Mayberry Investments Limited, the Jamaica-based investment company reported interest income in the second-quarter ending in June climbed 72% to J$320.3 million from J$186.1 million in the same quarter last year.

Net profit in the quarter surged 211.5% from a year ago to J$149.2 million or 12 cents per share compared to J$47.9 million or 4 cents per share.

Sagicor Group Jamaica Limited, the Jamaica-based financial service provider reported revenue in the first-half ending in June soared 32% to J$23.04 billion from J$17.46 billion in the same year last year.

Net income in the period jumped 24% from a year ago to J$2.71 billion or 71 cents per share compared to J$2.18 billion or 58 cents per share.