Image Plus Q2 profits jump 126% in Q2

Image Plus Consultants reported a 126 percent surge in profit to $61.4 million before tax for the quarter to November 2024, from $27.2 million in 2022. For the nine months to November 2023, profit before tax dropped to $164 million by 9 percent compared to 2023 with $180 million.
The results emanated from a 27 percent jump in revenues to $315 million from $248 million for the same period the prior year. For the year to date revenues rose 8 percent to $869 million $803 million in 2022.  Growth in revenues for the nine months to November was negatively affected by downtime of one of the CT units in Kingston in the previous quarter.
Profit resulted in earnings per share of 5 cents for the quarter and 13 cents for the nine months to November.
Big changes occurred in the Financial statement with Fixed assets jumping from #319 million at the end of February last year to $1.15 billion while cash funds dropped from $592 million over the same period to just $15 million and borrowings jumped to $364 million from $113 million as of February.