JMMB Group Limited Reports Increase in Profit for Q3 2018

• For the third quarter ended December 31, 2018, JMMB Group limited recorded net profit of $3.02Bn (EPS: $1.82), which was 18% higher than the corresponding period last year.

 

• Notably, there was a 12.13% increase in net operating revenue from $12.28Bn in 2017 to $13.77Bn which was due mainly to an improvement in fees and commission, net interest income and foreign exchange trading gains.

 

• In particular, the company’s operating expenses for the period was $9.4Bn, which represented an increase of 8.9% over the corresponding period of 2017.

 

• JMMB’s stock price has lost 1.7% in value year to date and currently trades at a P/E of 13.51x earnings which is below the Main Market financial sector average of 18.07x earnings.

 

(JMMB Group Financials)