JAMAICA Money Market Group’s (JMMB’s) operations in the Dominican Republic saw its operating profit increase more than tenfold. Gains on securities trading was the main reason behind an increase in earnings from $33.6 million during the three months to June 30, 2012, to $390 million in the corresponding quarter this year (June 2013).
Overseas Performance Boosts Results
The performance overseas also helped to push up JMMB’s operating profit from $562 million for the three months to June 30, 2012, to $939 million for the review quarter.
JMMB also saw a 19 per cent increase in net interest income during the three months ended June 30, up from $984 million in the corresponding period to $1.2 billion
You can read the full review by the Jamaica Observer at the link below.