Lumber Depot Limited has benefited from improved revenues and its tax status arising from listing on the Junior Market of the Jamaica Stock Exchange (JSE).
Shareholders equity for Lumber Depot Limited has increased by 34 per cent for the year‐to‐date and now stands at $258.28 million.
Lumber Depot, in its current form, began operation when its assets and liabilities were acquired from the Blue Power Group Limited with effect from August 1, 2019.
Lumber Depot Limited then listed on the Junior Market on December 16, 2019.
The company which serves the middle market in construction services has been holding its own, despite the downtown in the Jamaican economy.