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Supreme Ventures posts $408 million net profit in Q3

Listed company Supreme Ventures is reporting net profit of $408 million for the third quarter ended September 30. 
 
This represents a small decrease of $18 million or 4% compared to the same period in 2022. 
 
Supreme Ventures says the lower profits were due primarily to increases in selling, general and admin expenses of $364 million and finance costs of $158 million. 
 
The group revealed that its investments in shares in Main Event Entertainment Group and Dolla Financial Services continue to bear fruit to the tune of $113.5 million for the third quarter and $333.2 million for the nine months ended September.
 
The group earned gross revenues of $12.8 billion, an increase of $755 million or 6% over the third quarter of last year.
 
Supreme Ventures noted this was facilitated by the introduction of new promotions.


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