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JSE records increase in income July-September quarter

The Jamaica Stock Exchange (JSE) recorded an increase in income during the July to September quarter.
 
Consolidated income during the three months amounted to J$224.4 million  which was a $12.5 million or 5.9 percent increase over the same period in 2016.
 
This came mainly from fee income.
 
The Stock Exchange ended the quarter with $47.4 million  net profit.
 
Meanwhile he JSE is expecting more listings during the current quarter and this will have a positive effect on fee income.
  
The JSE adds that it will in the medium to long term seek growth through the promotion of  new and existing markets as well as new product developments.
 
And at Kingston Wharves net profit for the nine months ended September 30 increased by $36.11 billion.
 
The company achieved revenues of  $4.5 billion .This was a 17 percent or $667 million  increase over the corresponding period last year.
 


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