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Textile industry to gain momentum in 2022, says Sanjay Jain, MD of T T Ltd
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T T Ltd Q1FY22 PAT surges to Rs 4 15 crore
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JMMB s profits fall for Q1 2021
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JMMB’s profits fall for Q1 2021
by
ANISTO ALVES
Jamaica Money Market Brokers (Trinidad and Tobago) Ltd has recorded a profit of $6.7 million for the year ended March 31, 2021.
Profit for the comparative period in 2020 was $16.7 million.
“In terms of financial performance, like many others in the industry, JMMB’s 2020/21 performance in T&T has shown a decline compared to prior years on account of lower revenues and higher impairment losses in the commercial and retail banking business line as well as our investment and portfolio management operations,” its chairman Archibald Campbell stated.
During Bank of Baroda’s winding down.
ANSA Bank records $1.5 million loss
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ANSA Bank Ltd
ANSA Bank Ltd, formerly called Bank of Baroda T&T (Ltd), recorded a loss of $1.5 million for the year ended March 31, 2021.
For the same period in 2020, the bank recorded a profit of $872,000.
Bank of Baroda (T&T) was incorporated in this country on March 13, 2006.
It commenced operations on October 17, 2007.
On February 26 this year, the Bank of Baroda (T&T) was acquired by ANSA Merchant Bank Ltd.