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Caribbean Market Update

Scotia Investments Jamaica Net Declines, Scotia Group Jamaica Net Jumps

Author: Mukesh Buch
Last Update: 9:23 AM ET November 29 2014

Scotia Investments Jamaica Limited, the Jamaica-based investment company reported gross operating revenue in the fourth-quarter ending in October slumped 7.2% to J$1.54 billion from J$1.66 billion in the same quarter last year.

Net income in the quarter plunged 21.5% from a year ago to J$449.7 million or 106 cents per share compared to J$573 million or 135 cents.

Scotia Group Jamaica Limited, the Jamaica-based financial service provider reported interest income in the fourth-quarter ending in October fell 3.3% to J$7.84 billion from J$7.59 billion a year ago period.

Net profit in the quarter jumped 5.4% from a year ago to J$2.51 billion or 78 cents per share compared to J$2.38 billion or 73 cents per share.