Jamaica Stock Exchange Records Marginal Growth in Profit

• The Jamaica Stock Exchange reported unaudited net profits of $125.14Mn (EPS:18¢) for the three months ended March 31, 2020, which represents a marginal increase of 1.2% (or $10.37Mn)  from the $123.60Mn (EPS:18¢) that was made in the same period of the previous year.
• This outturn can be explained by the 14.3% (or $63.47Mn) increase in revenue as well as a 496.4% (or $5.50Mn) increase in investment income, which outstripped the 21.1% (or $55.18Mn) increase in total expenses.
• Since the start of the year, JSE stock price has fallen 23.9%, closing Tuesday’s trading session at $20.98. At this price, the company trades at a P/E of 28.4x earnings, which is above the Main Market Financial Sector Average of 14.2x.

 (Source: JSE Financials)