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Barita Investments Ltd (BIL) recently reported their March 2020 (Q2) results. Here are the highlights.
This is just a summary, but for more charts, ratios and other details visit BIL’s page here
Year To Date (2020Q2)
- Net Interest Income of $540.08m. Increasing by 110.63% or 283.66m YTD YoY.
Massive growth. Apart from 2019 Q2 (with 22% growth), they have been growing Net Interest Income over 50% YoY each quarter (See
Net Interest Income (YoY Change) Chart) - Net Fee and Commission Income of $760.40m. Increasing by 83.67% or 346.41m YTD YoY.
Total Non-interest income (not only fees, includes Securities trading (the big one) and Fx Trading) was 76.2% of revenues, reflecting reduced reliance on Interest Income - Administration & General Expenses of $-518.91m. Increasing by 141.16% or -303.73m YTD YoY.
Admin expenses up 141% due to increased marketing and business development etc. - Total Operating Expenses totaled $-958.42m. Up by 106.73% or -494.81m YTD YoY.
Significant growth in staff costs (to fuel the growth) +53%. Their expected credit losses are also growing (as expected with the growth in the Balance sheet) - Income Tax of $-294.08m. Up by 60.38% or -110.71m YTD YoY.
- Net Income (Profit) totaled $1.01b. Increasing by 95.94% or 495.71m YTD YoY.
BIL’s highest 6M Net Profit in its history - Comprehensive Income was $548.33m. Declining by -41.91% or -395.53m YTD YoY.
Net Interest Income (YTD)
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Recent News About Barita Investments Ltd
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Jamaica Stock Exchange / Jamaica – Wed May 13, 2020 09:11 am
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Caribbean Business Report / Caribbean – Tue May 05, 2020 03:00 pm
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Jamaica Stock Exchange / Jamaica – Tue May 05, 2020 01:28 pm
Recent Discussions About Barita Investments Ltd
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Did anybody notice the #BIL results?@Stephen / Thu May 07, 2020 07:54 am
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That’s over J$260m. #BIL@Stephen / Mon Apr 06, 2020 08:42 pm
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#BIL trigger circuit breaker @$50. Not much in Buy queue@frano / Thu Mar 05, 2020 09:59 am
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Other financial stocks that declined today include – #SCIJMD, #SJ, #BIL, #VMIL, #MIL, #AFS, #JSE, #JMMBGL, #QWI, #SGJ@MoneyMax101 / Tue Mar 03, 2020 05:27 pm
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@MoneyMax101 / Fri Feb 28, 2020 12:47 pm
Looking at this I must say they are on a good trajectory. Would be interesting to know why Fee Income fell this quarter though... or probably the question should be more about the fee income in Q1 ??
on Barita Investments Ltd (BIL) Mar 2020 (Q2) - Strong Loan, Interest Income & Profit Growth Continues▼