JMMB Group Limited has reported net profits of $2.3 billion for the financial year ended March 31.

This is a 12.3-percent increase over the $2.05-billion the company reported for the same period last year.

Meanwhile, operating revenue reported a 10.7-percent increase to close off at $11.4-billion.

In their report to shareholders, Chairman Noel Lyon and CEO Keith Duncan indicated this performance was due to the steady results of the business both locally and regionally.

Lyon and Duncan say going forward, they are confident that JMMB’s actions to build out a regional integrated financial services business model will allow the group to continue delivering solid results and drive long-term shareholder return.