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Caribbean Market Update

Mayberry Investments, Scotia Group Jamaica Net Decline; H&L Net Jumps

Author: Mukesh Buch
Islandjournal.net
Last Update: 8:18 AM ET February 28 2014


Mayberry Investments Limited, the Jamaica based investment company said net interest income in the year ending in December declined 21% to J$413.6 million from J$525.8 million in the last year. Net profit in the year plunged 76.5% to J$103.2 million or 9 cents earnings per share compared to J$439.4 million or 37 cents per share in the year ago earlier.

Scotia Group Jamaica Limited, the Jamaica based investment company reported gross operating income in the first-quarter in January slipped 6% to J$1.5 billion from J$1.6 million in the last year. Net profit in the quarter dropped 13.9% to J$420.6 million or 99 cents earnings per share compared to J$487 million or J$1.15 per share in the year ago earlier.

Hardware & Lumber Limited, the Jamaica based building material maker stated revenue in the year ending in December increased 6% to J$6.81 billion from J$6.28 billion in the last year. Net profit in the year surged to J$610.1 million or J$7.55 earnings per share compared to J$2.8 million or 3 cents per share in the year ago earlier.


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