Listed company Kingston Properties recorded a decline in profit for the 2025 financial year despite higher revenue.
The company is reporting net profit of about US$2.04 million, down from roughly US$4.59 million the year before. However, revenue increased to approximately US$6.35 million, up from US$4.84 million in 2024.
The improvement in revenue was driven mainly by rental income, which rose to just over US$6 million, compared with about US$4.7 million the previous year.
Operating profit for the year was US$6.25 million, slightly below the US$6.83 million recorded in 2024.
Kingston Properties manages a portfolio of real estate assets in Jamaica and overseas markets, generating income from property rentals and increases in property values.
The company also noted that its properties did not suffer significant damage during the passage of Hurricane Melissa in October 2025.
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