Caribbean Assurance Brokers Limited delivered a strong financial performance during the third quarter, which ended on September 30 of this year.
The company's net profits jumped to $52.2 million on revenues of $215.6 million and other operating income of $19.2 million.
These figures are compared with $19.3 million on revenues of $182.9 million and other operating income of $20.6 million during the same period of last year.
Profits were generated after operating and selling expenses of $176.8 million compared $180.3 million last year.
Operating profits therefore jumped to $58.1 million this year from $23.3 million last year.
At the same time, finance cost climbed to $5.8 million from $4 million, resulting in net profits $52.2 million from $19.3 million last year.
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