JSE reports decline in income and profit during first quarter

There was a decline in income and profit at the Jamaica Stock Exchange (JSE), during the January to March quarter.
Total income was down 26 per cent at J$241 million  while net profit fell 55 per cent to $56 million
The Stock Exchange explained that last year's results for the January to March quarter included an increase in cess revenue due to a large transaction.
Meanwhile, the Jamaica Stock Exchange is forecasting a further increase in the number of  listed companies.
In its financial results for the January to March quarter, the JSE said it is expected that in coming quarters there will be more companies listing their securities which will increase its fee income.
It has based this on the expected increase in trustee services.

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