Profit climbed 36 percent in the June quarter, to $122 million from $90 million in 2018 at Jamaica Stock Exchange, from a 36 percent rise in revenues to $429 million, from $316 million in 2018.
For the six months to June, profit after tax climbed a robust 28 percent to $245 million from a 31 percent rise in revenues to $874 million compared to $666 million in 2018.
Administrative other expenses rose 37 percent to $262 million in the quarter and increased 32 percent in the six months period to $524 million. Staff cost rose 23 percent to $105 million for the quarter and 24 percent for the half-year, to $212 million. Advertising and promotion expenses were 192 percent higher in the quarter to hit $26 million and more than doubled in the half-year to $63 million from $31 million in 2018.
Earnings per share came out at 17 cents for the quarter and 35 cents for the six months and should end the year around $1.
The growth in 2019 is consistent with that from 2014. With the continued increase in the number of listings on the exchange and increasing trading activities, the immediate future looks promising for increased revenues and profit.
Gross cash flow brought in $400 million and after paying dividends of $175 million ended up with cash and equivalent of $151 million and investments of $413 million. Shareholders’ equity stood at $1.2 billion up from $1 billion at the end of June last year. Net current assets ended the period at $404 million.
The stock traded at $40 on the Jamaica Stock Exchange with a PE ratio of 40 times 2019 estimated earnings.
JSE profit jumps 36%
July 25, 2019 by
