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JMMB reports net profit of more than $1 billion

JMMB Group is reporting net profit of J$1.12 billion.
 
This represents a 17% increase year-over-year, for the first quarter of the 2019/20 financial year.
 
Additionally, the Group recorded J$5.84 billion in operating revenue, which reflects a 25% uptick over the corresponding three-month period. 
 
The group's performance was largely driven by growth in its core business operations: net gains on securities trading; foreign exchange trading gains; fees and commission income; and net interest income. 


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