An increase in fees and other income helped to boost the financial performance of the Jamaica Stock Exchange, JSE, during the April to June quarter.
The Stock Exchange's revenue rose by 15 percent or eleven percent to 83 million dollars when compared to the corresponding period in 2013. The improvement in income also helped the JSE lower its losses from 10 million dollars last year to one million dollars during the three months.
In the meantime, the JSE is banking on the improved economy to help boost stock trading. The Stock Exchange says while trading has been subdued, improved economic results and outlook will have a positive impact on listed companies and the equities market.
The JSE also expects increased marketing and income diversification to pay off in the medium to long term as it seeks growth through new and existing markets as well as new product development.
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