Barita Investments makes financial comeback

Barita Investments Limited has made a turnaround in its financial performance.

The entity recorded a $32 million profit for the quarter ended December 31.

This was an improvement from the $13 million loss it suffered in the previous year.

Despite the continued reduction in interest rates which resulted in a 15% decline in interest income revenues Barita says prudent management of  its liabilities led to net interest income increasing by $55 million or 104%.