JMMB records big profit

The JMMB Group has been performing well under CEO Keith Duncan.

The JMMB Group recorded a net profit of four billion Jamaican dollars for the nine-month period ending December 2019, a 33 per cent increase compared to the previous year.

This was done on operating revenue of $17.38 billion, which is a 26 per cent increase in relation to the corresponding period in 2018.

The financial group is said to have seen this success out of their core business of dealing in securities and foreign exchange management.

The group is expected to see further growth following its recent acquisition of Sagicor Financial Services Limited as part of its continued diversification process.