Mayberry Jamaican Equities Reports Strong 3rd Quarter
- Net profit for the 9 months to September 2018 was $690Mn (EPS: $0.57), representing 717% increase compared with $84.42Mn (EPS: 0.07) recorded last year.
- Net Revenues increased by $634.8Mn over the corresponding period last year, to reach $657.8Mn.
- Total comprehensive income, amounted to $6.76Bn, compared to $807.95Mn for the corresponding quarter of 2017; an increase of $5.95Bn or 7.36x.
- The company which operates like a quasi-index fund held 31 stocks across the Main and Junior Markets in its portfolio as at the report date and recently received $2.2Bn through a loan which it intends to use to purchase additional shares.
Source: Mayberry Jamaican Equities 3rd Quarter Financial Statement