PanJam Group has recorded growth in earnings for the June quarter following the amalgamation with Jamaica Producers.
Shareholder profit rose to $1.08 billion dollars in the quarter or 80 cents per share.
In its financial report, the group said the increase can be attributed to the merger which resulted in a $127 billion business in total assets, up from $55 billion.
The merger took effect on April 1.
Under the deal, Jamaica Producers transferred its material business to Pan Jamaica in exchange for a 34.5 per cent ownership stake in PanJam.
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