Barita Investments Limited, together with its subsidiaries, operates as a stock broking company in Jamaica. It operates through Fixed Income, Funds Management, and Other Operations segments. The company is also involved in money market, cambio operations, and funds management activities, as well as in the production of animated films, cartoons, TV shows, and animated games. It offers foreign exchange (FX) trading services; fixed income products; pooled funds, including capital growth fund, CI funds, FX bond portfolio, FX growth portfolio, income portfolio, money market fund, real estate portfolio, and tuition builder account; financial planning services; and other products, such as loan plan...
15 St. Lucia Way
Founded in 1977
Barita Investments Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended of June 30, 2016
Aug 8 16
Barita Investments Limited reported unaudited consolidated earnings results for the third quarter and nine months ended of June 30, 2016. For the quarter, the company reported interest income of JMD 268,273,000 compared to JMD 181,812,000 a year ago. Net Interest Income was JMD 22,408,000 compared to JMD 31,998,000 a year ago. Net Operating Revenue was JMD 227,743,000 compared to JMD 194,420,000 a year ago. Profit before taxation was JMD 74,926,000 compared to JMD 60,963,000 a year ago. Net profit for the period was JMD 55,874,000 compared to JMD 42,314,000 a year ago. Earnings per unit was JMD 0.13 compared to JMD 0.09 a year ago.
For the nine months, the company reported interest income of JMD 878,744,000 compared to JMD 616,388,000 a year ago. Net Interest Income was JMD 225,534,000 compared to JMD 147,325,000 a year ago. Net Operating Revenue was JMD 648,983,000 compared to JMD 618,529,000 a year ago. Profit before taxation was JMD 174,986,000 compared to JMD 237,855,000 a year ago. Net profit for the period was JMD 121,297,000 compared to JMD 171,842,000 a year ago. Earnings per unit was JMD 0.27 compared to JMD 0.39 a year ago. Cash provided by operating activities was JMD 148,109,000 compared to JMD 88,047,000 a year ago. Purchase of property, plant and equipment was JMD 34,719,000 compared to JMD 26,487,000 a year ago.
Barita Investments Limited Announces Executive Changes
Jun 29 16
At a Special Board Meeting held on June 29, 2016, Mr. Allan Lewis did not seek re-election and resigned from the Board of Directors. Mr. Ian McNaughton, Managing Director of Barita Investments Limited and Mr. Gary Peart, CEO of Mayberry Investments Limited were elected Chairman and Deputy Chairman respectively. Mr. Allan Lewis, the immediate past Chairman, took the occasion to thank all the members of the Board, Management and Staff of the JSE for their support over the two years of his Chairmanship and wish the Exchange well in the future.