8% increase in assets announced at Portland JSX Limited AGM

On July 11, 2018, Portland JSX Limited (“PJX”) held its Annual General Meeting at which the Company’s audited financial statements for the year ended February 28, 2018, were approved by its shareholders.

As of February 28, 2018, PJX reported total assets of USD 25,737,581, an increase of approximately 8% over the prior year. Of greater note, the composition of the Company’s assets changed with its investment in Portland Caribbean Fund II having increased to USD 22,065,065 from USD 11,570,715 a year earlier. Most of this increase was funded by utilizing the Company’s holdings of cash and short-term securities.

For more details, visit: https://www.jamstockex.com/wp-content/uploads/2018/07/Press-Release-8-increase-in-assets-announced-at-Portland-JSX-Limited.pdf

 

Source: JSE