JSEG Registers 113% Rise in Net Profits

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The Jamaica Stock Exchange Group (JSEG) has reported a 113-percent jump in net profits for the second quarter ended June 30, 2016.

According to the company’s financial statements for the period under review, JSEG recorded a net profit of $32.2-million compared to $15.1-million for the same period in 2015.

Chairman Ian McNaughton says these improvements were impacted by the increase in the products and services now
offered by the JSEG.

He says based on the improvement in both business and consumer confidence, it is expected that this will translate into positive performance of the companies listed.

McNaughton says for the remainder of the year, the group will continue to pursue growth through the promotion of new and existing markets, new product development and improvement in service delivery to stakeholders.

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