Charles Johnston – Chairman of JP Group
Revenues for the year to September declined from $6.44 billion to $6.15 billion. Net profit nine months to September amounts to $807 million, an increase of 194 percent over $275 for the year to September 2014. The year to date profit includes gain on sales of property of $319 million recorded in the June quarter.
Gross profit inched up to $440 million in the third quarter from $421 million in 2014 and for the nine months, from $1.4 billion to $1.45 billion. Share of profit in associated companies and joint ventures contributed $217 million for the 2015 quarter up from only $61 million in 2014 and for the nine months to $491 million versus $228 million.
Cash flow from operations amounts to $186 million compared to $267 million in 2014, leading to cash and equivalent of $471 million at the end of the 2015 period. Administrative and other cost rose moderately by $12 million for the quarter to $485 million and $43 million for the nine months to $1.45 billion.
Some of JP consumer products
Total equity capital amounts to $6.5 billion, borrowed funds amount to $2.1 billion, while current assets stood at $2.49 billion and current liabilities at $1.76 billion.
[…] equivalent, it last traded at in Trinidad. Jamaica Broilers traded 45,915 units to close at $14.50, Jamaica Producers traded 13,125 units to close with a loss of 20 cents at $30.30, Jamaica Stock Exchange lost 20 cents […]