Elite Diagnostic releases mixed financial results

Elite Diagnostic which was listed on the junior market of  the Jamaica Stock Exchange in February has released mixed financial results.

During the three months to December 31 its income rose $14 million to $71.8 million.

However, there was a decline in profit.

It amounted to $1.1 million down from $8.4 million in the previous year.

Meanwhile, Industry and Commerce Minister, Audley Shaw, is urging small and medium-sized enterprises to become formalised.

He says this will allow them to benefit from certain resources such as the Jamaica Stock Exchange and the impending micro stock market.

The micro stock market will facilitate capitalisation of  between $5 million and $50 million.


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