Profit almost doubles for JSE

Profit at the Jamaica Stock Exchange (JSE) almost doubled for the half year to June with profit after tax jumping 97 percent in the June quarter to $90 million and up 88 percent for the half year to $191 million.
Revenues grew 34 percent for the quarter to $316 million and 39 percent to $666 million. Expenses rose 14 percent for the quarter to $191 million and is up 21 percent for the half year to $398 million. Earnings per share for the June quarter ended at 13 cents and 37 cents for the six months period and should end the year around 70 cents per share. The stock that trades around $7.50 is therefore attractive with eys focused on 2019 when business should increase with more listings and hopefully more business activities.
The JSE ended the quarter with total equity of $1.03 billion. Cash and investments stood at $420 million. Property and other fixed assets climbed to $410 million from $264 million.

About IC Insider.com