Profit at the Jamaica Stock Exchange jumped a sharp 155.5 percent in the March 2025 first quarter, to $236 million after corporate Tax, up from just $93 million in 2024.
Expenses increased 12.4 percent over 2024, to $554 from $493 million in 2024, the increase was much less than the 36 percent growth in revenues of $861 million, up from $634 million in 2024, growth was driven by improved market conditions and heightened market activity, leading to a substantial 245.7 percent rise in income form Cess of $256 million over, just $74 million in 2024.
Earnings per share amount to 34 cents, up from 13 cents last year and compare well with full year earnings last year of 71 cents. Based on these results, the company is on target for earnings in the $1.60 region, with a PE of 8 based on the last traded price of $12.75 and placing it on the ICInsider.com coveted Buy Rated accolade.
Equity capital stands at $3 billion and cash and investments amount to more than $1 billion.
With interest rates much lower this year than last year, more funds should flow into stocks and boost the existing income levels of the exchange. In addition, more companies are expected to be listed in 2025 and future years and existing companies are raising more equity capital, all of which should boost revenues for the exchange in the years ahead. The future looks very promising for investors in this stock in the years ahead.