JSE Off to a Good Start for 2019!

  • For the three-month period ended March 31, 2019, Jamaica Stock Exchange (JSE) reported an unaudited net profit of $123.6Mn (EPS: $0.18) which represents a 22% increase relative to the corresponding period of 2018.
  • Revenue for the period grew 27.3% from $349.6Mn to $445.1Mn year-over-year. This can be attributed to improvements in fee income which increased by $60.2Mn (+32.1%) and eCampus income which increased by $17.8Mn (556.3%).
  • The increased profit was also due, in part, to a slight decrease (-5.2%) in professional fees which declined from $17.3Mn to $16.4Mn.
  • JSE has risen 95.42% since the start of the calendar year. The stock closed at a record $20.05 yesterday and currently trades at a P/E of 31.83x earnings which is above the Main Market Financial Sector average of 19.32x.  However, the stock also has one of the highest Return on Equity (ROE) among its peers (42%, compared with 13% for Main Financial sector peers)

 (Source: JSE Financials)