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JP reports $660 million profit from Logistics and Infrastructure division

Jamaica Producers is reporting that its Logistics and Infrastructure division generated first quarter profit before finance cost and taxation of $660 million, a 27 per cent increase on the prior year.
 
Divisional revenues were up 11 per cent over the prior year, to $2 billion.
 
Jamaica Producers says the Logistics & Infrastructure division continues to benefit from a series of initiatives to develop Kingston Wharves and Newport West as a warehousing and logistics hub.
 
During the first quarter, Kingston Wharves benefited from handling growing volumes of domestic and regional  trade in a range of cargo types including bulk, break bulk and automotive shipments.
 


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