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JSE reports net profits of $416.5M for 9-month period ending September 30

The Jamaica Stock Exchange says it realised net profits of $416.5 million on a 17% jump in its revenues to $2.3 billion during the nine- month period, which ended on September 30 this year.
 
This compares with $364.4 million on revenues of $2.0 billion during the corresponding period last year.
 
The company's total assets rose by $247.8 million to $3.6 billion this year, primarily due to an increase in its holdings of repurchase agreements. 
 
Stephen Whittingham, Chairman of the company, and CEO Livingstone Morrison say the group's performance was fair during  the period, given the challenging market conditions. 
 
They suggested that a significant improvement in the group's financial  performance will require more activities from investors and companies in the market.
 


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