Barita Is Booming Baby!

by Toni Blay

If there is ever a time to shout, dance and pop champagne, it is probably when you post a whopping 55 percent increase in (before tax) profits.

Securities Dealers Barita Investments Limited posted $80 million in (before tax) profits for the quarter ending December 2011, a major increase over the $44 million recorded for the corresponding period in 2010.

The details are quite interesting. For example, they spent more on advertising and staff, to increase their visibility and improve staff efficiency and capacity. They were also hit $7 million hard by the European crisis.

Still they made it out. Check out the details….