President of Scotia Investments Jamaica, Lissant Mitchell is reporting a net profit of almost $150-million for the quarter ended January 31.

It represents a 27-percent jump in profits compared with the nearly $118-million for same period in 2016.

In his report to shareholders, Mr. Mitchell indicated that the increase was due to consistent performance in Scotia’s core Asset Management business line.

He says going forward, Scotia Investments will focus on customer service, business mix alignment, digital transformation, enhanced team members’ engagement and structural cost transformation.