138 Student Living Bemoans Sub-par 2017 Performance

Chairman of 138 Student Living Jamaica, John Lee has described the company’s 2017 performance as below par.

This, although profit before taxation increased to $20-million up from a loss of $24-million for 2017.

In his report to shareholders contained in the company’s recently released 2017 annual report, he indicated that the $20-million achieved for 2017 fell short of the budgeted $75-million. This, he says was due largely to them not achieving the desired occupancy levels during the summer months. Expenses were however on target.

138 Student Living, which is listed on the Junior Market of the Jamaica stock exchange.

It reported that income from short-term accommodation increased from $35-million in 2016 to $77-million as at the end of September 2017.

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One thought on “138 Student Living Bemoans Sub-par 2017 Performance

  1. ridim

    well it now seems that the additional 600 rooms WILNOT be built… clearly there are serious issues with the business model… UWI is left holding the end of the stick with u know what on it… it gave away its lodge and got nothing in return to show… how could then not see the trick… take away what u have before and then be guaranteed a market.. wasalways the plan but it seems they have outpriced themselves of the market… smfh

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