John Jackson’s Jetcon Limited has reported a strong increase in its sales and profit after tax since the company listed on the Junior Market of the Jamaica Stock Exchange in March.
According to the company’s financials, Jetcon realized a net profit of $14.45-million compared with $6.8-million in the same period in 2015.
Meanwhile, Jetcon recorded growth in revenues of 55 percent in the first quarter ending March, compared with 2015 March quarter.
Jackson says sales based on the early days of April also continue to be ahead of 2015, something that he says augurs well for the results for the June quarter, barring any unfavourable developments.
He says capital which was raised in the company’s IPO earlier this year also helped to place Jetcon in a position to add and widen inventories of motor vehicles, amongst other strategies planned for expansion.