Barita Investments Limited reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported revenue was JMD 3,112.01 million compared to JMD 2,481 million a year ago. Net income was JMD 1,508.24 million compared to JMD 1,213.59 million a year ago. Basic earnings per share from continuing operations was JMD 1.87 compared to JMD 1.01 a year ago.
For the six months, revenue was JMD 5,532.19 million compared to JMD 4,552.69 million a year ago. Net income was JMD 2,578.3 million compared to JMD 2,284.17 million a year ago. Basic earnings per share from continuing operations was JMD 2.16 compared to JMD 1.9 a year ago.
Barita Investments Limited is a Jamaica-based licensed securities dealer, investment manager, pension administrator, and cambio operator. The Company's segments include Fixed income, Funds management, and Other operations. The Fixed income segment includes money market activities and securities broking. The Funds management segment includes the administration of a number of managed funds. The Other operations segment includes the operation of foreign exchange cambio, investment banking, stock broking, and any other income. Its products include capital growth fund, foreign exchange (FX) bond portfolio, FX growth portfolio, income portfolio, money market fund, real estate portfolio, pension fund management, individual retirement scheme, fixed income, and stocks and research. The Company's services include FX trading/cambio, Barita smart loan, Investment banking, Barita wealth, and Barita bucks.
