MAYBERRY Investments Limited (MIL) is increasing the interest rate charged on its margin credit facility from 12 per cent to 15 per cent effective today as the Bank of Jamaica (BOJ) continues to i.
Steven Gooden re-elected JSDA president for a 4th year loopjamaica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from loopjamaica.com Daily Mail and Mail on Sunday newspapers.
Steven Gooden re-elected JSDA president jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
Listed stockbroker and investment house Barita Investments Limited blew past the $2 billion mark in profits, its 2020 year-end financials show. For the year ending September 30, 2020, Barita posted net profits of $2.7 billion, just over $1 billion or approximately 60 per cent more than the $1.7 billion it recorded in 2019. Profit was only one of several growth metrics for Barita in a performance that defied a major economic fallout from the COVID-19 pandemic and significant retreat by the equities market for the nine months of calendar year 2020 included in its financials.
The big profits came on the back of $5.2 billion in net operating revenue for the year. This was $1.2 billion more than the just under $4 billion in net revenues at the end of September 2019. The Barita revenue and profit jump was also spurred on by a $232 million increase in net interest income and a $1.13 billion or 160 per cent increase in fees and commission income over 2019. It recorded significant foreign e