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Portland JSX Limited, a fund that invests in privately held companies in Jamaica and Latin America, has slipped deeper into losses that were nine times worse than a year ago. The fund’s annual results for year ending February 2024 were exacerbated. ....
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Portland JSX ends 2021 with 57% growth in profits Wednesday, May 05, 2021
After being in the red for most of 2020, Portland JSX (PJX) finished its 2021 financial year (FY) on a high note as total income grew by 31 per cent to US $3.1 million ($472.3 million). Net profit for the period ending February 28 closed out 57 per cent higher at US $2.1 million ($325.9 million).
The equity investment vehicle had been recording losses for its first nine months which was driven mostly by a sharp decline in the fair value of its equity investment in the Portland Caribbean II fund (PCF ....