Chairman of Mayberry Jamaican Equities Limited Christopher Berry
The management of Mayberry Jamaican Equities Limited (MJE) says the company is poised for recovery, after ending 2020 with losses amidst the coronavirus (COVID-19) pandemic.
A subsidiary of Mayberry Investments, MJE, currently holds stock in 31 companies listed on the Main and Junior Markets of the Jamaica Stock Exchange (JSE).
“Despite the challenges faced by the company due to the deterioration of market conditions management remains confident that the company is well poised for recovery and growth in the medium to long term,” it was stated in the company’s financial statements.
For the year ended December 31, 2020, MJE reported a total comprehensive loss of US$37 million, compared to a total comprehensive income of US$33.6 million for the corresponding period of 2019; a decrease of US$70.5 million.
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