Sygnus Credit Investments Limited has reported a record third quarter of investment origination activity.
Sygnus says its investment in portfolio companies grew by 51.7% to US$47.39 million.
Sygnus reported record nine-month core revenues of US $3.4 Million and core earnings up 38.4% to US $2.4 million, but lower net profits down 33.8% to US $1.3 million for the period ended March 31, 2020.
The results were driven by a reported net loss in the third quarter ended March 2020, as record investment origination was offset by a number of one-off items, including the conversion of J$1.2 billion to US dollars partly from the proceeds of new Jamaican dollar debt that was issued.
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