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Caribbean Market Update

Radio Jamaica, JMMB Q3 Net Jump; Salada Foods Q1 Sales and Net Drops

Author: Mukesh Buch
Islandjournal.net
Last Update: 12:15 AM ET February 15 2014


Radio Jamaica Limited, the Jamaica based broadcasting company reported revenue in the third-quarter ending in December jumped 7% to J$507.9 million from J$474.6 million in the same quarter last year. Net profit in the quarter climbed 14.6% to J$43.2 million or 12 cents earnings per share compared to J$37.7 million or 11 cents per share in the year ago earlier.

Proven Investments Limited, the Jamaica based real estate investment company said net interest income in the third-quarter ending in December climbed 11.4% to J$2.05 million from J$1.84 million in the same quarter last year. Net income in the quarter tumbled 34% to J$0.70 million or 24 cents earnings per share compared to J$1.06 million or 36 cents per share in the year ago earlier.

Jamaica Money Market Brokers Limited, the Jamaica based financial broker stated net interest income in the third-quarter ending in December jumped 10% to J$1.42 billion from J$1.29 billion in the same quarter last year. Net profit in the quarter surged 17.1% to J$751.9 million or 43 cents earnings per share compared to J$641.8 million or 35 cents per share in the year ago earlier.

Salada Foods Jamaica Limited, the Jamaica based coffee maker reported sales in the first-quarter ending in December declined 16.7% to J$127.4 million from J$152.9 million in the same quarter last year. Net income in the year plunged 25.4% to J$19.1 million or 18 cents earnings per share compared to J$25.6 million or 25 cents per share in the period a year ago.

General Accident Insurance Company Jamaica Limited, the Jamaica based insurance company said gross written premiums in the fourth-quarter ending in December slumped 23.1% to J$674.5 million from J$547.9 million in the same quarter last year. Net profit in the quarter rose 2.3% to J$100.8 million or 8 cents earnings per share compared to J$98.5 million or 10 per share in the year ago period.


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