Scotia Group Jamaica nets 14% profit increase for six month period, ended April

Audrey Tugwell Henry, President & CEO, Scotia Group Jamaica, and VP for Finance, Gabrielle O'Connor
Scotia Group Jamaica has reported a 14 per cent increase in net profit for the six months ended April.
President and CEO of Scotia Group Audrey Tugwell Henry says the financial group posted earnings of J$8.54 billion after tax for the six-month period.
For the second quarter in 2023, Scotia made J$4.12 billion, after tax.
Scotia Group's total revenues, excluding expected credit losses for the six months ended April, grew by J$3.5 billion, amounting to $30.5 billion.
This was mainly due to an increase in net interest income.
The group faced increased costs, however, with operating expenses coming in at J$6.78 billion.

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