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JMMB Group made net profit of $4.36B last quarter

JMMB Group says it made a net profit of $4.36 billion for the quarter ending December 31, after its revenues jumped 23% to $22.39 billion. 
 
Operating expenses for the period totaled $19 billion.
 
Net interest income — the money it earns from lending after paying interest on deposits — rose sharply by 38% to $11.19 billion.
 
The group also earned $5.1 billion from trading government bonds, while fees and commissions increased to $4.21 billion.
 
Its strategic investment in Sagicor Financial Company generated $2.4 billion in revenue after financial charges. 
 
JMMB says the results reflect careful execution of its managed growth strategy.
 


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