JMMB has definitely been hitting the right notes of late. Plus, with the integration of the Capital and Credit Financial Group (CCFG) complete, they are now reporting significant growth in profits.
THE Jamaica Money Market Brokers (JMMB) Group reported a 49 per cent increase in net profit [for the period ending December 2012 ].
For the three months to December 2012, the group made $641 million in profit compared to $428 million during the comparative period in 2011.
The results show that the group made $330 million more in NII, from $965 million during the three months to December 31, 2011, to $1.3 billion during the review period.
JMMB group also took advantage of the gains on securities trading, which was 47 per cent higher, or $153 million more than the $325 million it made in the same quarter in 2011.