Massy Holdings reports increase in profits

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Port of Spain – The Trinidad-based regional conglomerate, Massy Holdings, which recently announced plans to be listed on the Jamaica Stock Exchange (JSE), has posted a 20 per cent increase in profits for the second quarter in comparison to the same period last year.
Massy, which has operations in several Caribbean countries, said that it had taken the decision to apply for the cross-listing of the company’s shares on the JSE.
“The board considered the market sophistication and growth opportunities evident in the Jamaican securities market which has become increasingly more dynamic over the past few years,” Massy said in a statement, adding that it expects once the application is approved, it will drive a greater interest in the company’s shares, which would benefit all shareholders.

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