Supreme Ventures Limited, together with its subsidiaries, is engaged in lottery and gaming operations in Jamaica. It provides video lottery terminal (VLT) games at gaming lounges; operates video gaming lounges; and promotes betting on international sporting events, as well as distributes electronic PIN codes from its lottery terminals. The company has strategic partnerships with GTECH Corporation for lottery gaming; INTRALOT S.A. for sports betting and a VLT monitoring system; and Global Draw for the VLT route system. Supreme Ventures Limited was founded in 1995 and is based in Kingston, Jamaica.
R Danny Williams Building
28-48 Barbados Avenue
Founded in 1995
Supreme Ventures Limited Declares Interim and Special Dividend, Payable on May 27, 2015; Reports Unaudited Group Earnings Results for the Three Months Ended March 31, 2015
May 1 15
Supreme Ventures Limited announced that its board of directors approved the payment of an interim dividend of $0.14 to shareholders on record as at May 14, 2015. The distribution will be made on May 27, 2015. Shareholders will also receive on May 27, 2015, the balance of $0.04 from the special dividend of $0.23 that was declared on March 2, 2015. $0.19 of this special dividend was distributed on March 20, 2015.
The company reported unaudited group earnings results for the three months ended March 31, 2015. For the quarter, the company's revenue was JMD 11,774,660,000 compared to JMD 10,273,972,000 a year ago. Profit from operations was JMD 534,071,000 compared to JMD 461,108,000 a year ago. Profit before taxation was JMD 555,366,000 compared to JMD 473,478,000 a year ago. Profit for the period/year, being total comprehensive income was JMD 405,169,000 compared to JMD 338,085,000 a year ago. The increase in net profit after tax was primarily attributable to a steady growth in lottery revenues for the more popular games and the positive contribution of the two newest games to the portfolio, Money Time and Top Draw. Basic and diluted earnings per stock unit were 15.36 cents compared to 12.82 cents a year ago. Cash provided by operating activities was JMD 400,230,000 compared to JMD 141,028,000 a year ago. Acquisition of property and equipment was JMD 9,745,000 compared to JMD 16,002,000 a year ago. Acquisition of intangible assets was JMD 1,160,000.
Supreme Ventures Limited Reports Audited Earnings Results for the Year Ended December 31, 2014
May 1 15
Supreme Ventures Limited reported audited earnings results for the year ended December 31, 2014. For the year, the company reported EBITDA of JMD 1,414,415,000 against JMD 944,843,000 a year ago. Capital expenditure was JMD 105,865,000 against JMD 226,259,000 a year ago. Return on equity was 22.99% compared to 13.25% a year ago. Return on assets was 15.76% compared to 9.06% a year ago. Book value per stock was JMD 1.53 compared to JMD 1.38 a year ago.
Supreme Ventures Limited, Annual General Meeting, May 28, 2015
Apr 22 15
Supreme Ventures Limited, Annual General Meeting, May 28, 2015., at 10:00 US Eastern Standard Time. Location: The Knutsford Court Hotel.