Strong Revenue Lifts JP’s Bottom-line for the Year Ended December 2019

• Jamaica Producers Group Limited reported audited profits attributable to shareholders of $1.20Bn (EPS: 107.32 ¢) for the year ended December 31, 2019, representing a 47.7% (or $388.72Mn) improvement when compared to the corresponding period in 2018.
• The main contributor to this performance was a 57.6% increase in revenues coupled with a 126.5% increase in other income
• Jamaica Producers Group Limited stock price has fallen by 22.8% since the start of the calendar year, and closed Wednesday’s trading session at $21.03.  The stock currently trades at a P/E of 19.6x earnings, which is above the Main Market Conglomerate Sector Average of 15.7x.

(Source: JP Financials)