Barita Investments posted net profits of $3 billion for the 12 months ended September 30 on operating revenues of $8.5 billion marking a 21 per cent decline in earnings compared to the previous year.
The dip in performance was attributed to the non-recurrence of extraordinary gains from alternative investments recorded in 2024 even as revenues from traditional business lines grew by 14 per cent.
Despite the challenging global economic environment and the impact of Hurricane Melissa on Jamaica, the company maintained robust capital levels with total assets climbing to $149.9 billion shareholders equity holding steady at $35.3 billion.
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