The Jamaica Stock Exchange Group is reporting a sharp decline in first-quarter profits, despite efforts to control spending and diversify its operations.
The company posted net profit of $134.5 million for the quarter ending March.
That represents a 43 per cent drop compared to the same period last year.
Total income also fell by 17.5 per cent to $710.7 million.
The decline was largely linked to a major reduction in cess revenue, which dropped by more than $170 million.
The Exchange says last year's figures were boosted by heightened market activity linked to restructuring among some listed companies.
Meanwhile, the company says its financial position remains stable.
Looking ahead, the JSEG says lower interest rates and reduced market volatility could encourage greater participation from investors and companies.
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