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May 26, 2015 12:56 AM ET

Electric Utilities

Company Overview of Jamaica Public Service Company Limited

Company Overview

Jamaica Public Service Company Limited, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity to residential and business customers in Jamaica. It generates electricity using steam (oil-fired), gas turbines, combined cycle, diesel, and hydroelectric technologies. The company owns and operates 4 power stations, 9 hydroelectric plants, 43 substations, and approximately 14,000 kilometers of distribution and transmission lines. It serves approximately 606,654 customers. The company was founded in 1923 and is headquartered in Kingston, Jamaica.

6 Knutsford Boulevard

Kingston,  5

Jamaica

Founded in 1923

Phone:

888-935-5577

Key Executives for Jamaica Public Service Company Limited

Chief Executive Officer and President
Chief Financial Officer
Chief Engineer - Protection and Control of Transmission Division
Head of Internal Audit
Head of Government & Regulatory Affairs
Compensation as of Fiscal Year 2014.

Jamaica Public Service Company Limited Key Developments

Jamaica Public Service Company Limited Reports Unaudited Financial Results for the First Quarter Ended Mar. 31, 2015

Jamaica Public Service Company Limited reported unaudited financial results for the first quarter ended Mar. 31, 2015. For the quarter, the company reported operating revenue of $180,957,000 against $262,596,000 for the same period of last year. Operating profit was $18,317,000 against $24,183,000 for the same period of last year. Profit before taxation was $6,138,000 against $10,692,000 for the same period of last year. Profit for the period was $4,092,000 or $0.07 per share against $7,128,000 or $0.13 per share for the same period of last year. Cash provided by operating activities was $19,961,000 against $17,751,000 for the same period of last year. Purchase of property, plant and equipment was $9,826,000 against $8,611,000 for the same period of last year.

Jamaica Public Service Company Limited Announces Audited Earnings Results for the Year Ended December 31, 2014

Jamaica Public Service Company Limited announced audited earnings results for the year ended December 31, 2014. For the year, the company announced operating revenue of $1,023,240,000 compared to $1,099,383,000 a year ago. Operating profit was $81,934,000 compared to $73,935,000 a year ago. Profit before tax was $22,158,000 compared to $12,242,000 a year ago. Profit for the year was $23,005,000 or $0.11 per share compared to $9,188,000 or $0.04 per share a year ago. Net cash provided by operating activates was $106,301,000 compared to $134,775,000 a year ago. Purchase of property, plant and equipment was $60,023,000 compared to $89,575,000 a year ago. Purchase of intangible assets was $5,433,000 compared to $4,357,000 a year ago.

Jamaica Public Service Company Limited Reports Unaudited Earnings Results for the Quarter and Year Ended December 31, 2014

Jamaica Public Service Company Limited reported unaudited earnings results for the quarter and year ended December 31, 2014. For the quarter, the company has posted operating revenue of $224,000,000 against $280,529,000 a year ago. Operating profit was $20,239,000 against $26,565,000 a year ago. Profit before tax was $7,073,000 against $14,330,000 a year ago. Net profit was $12,967,000 or $0.24 per share against $10,582,000 or $0.19 per share a year ago. For the year, the company has posted operating revenue of $1,022,874,000 against $1,099,383,000 a year ago. Operating profit was $80,901,000 against $73,935,000 a year ago. Profit before tax was $25,848,000 against $12,242,000 a year ago. Net profit was $25,484,000 or $0.12 per share against $9,188,000 or $0.04 per share a year ago. Net cash provided by operating activates was $106,451,000 against $109,039,000 a year ago. Purchase of property, plant and equipment was $65,574,000 against $69,023,000 a year ago.

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