Knutsford Express Services Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2016
January 12, 2017
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Knutsford Express Services Limited reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2016. For the quarter, the company reported revenue of JMD 176,360,219 against JMD 128,559,339 a year ago. Operating profit was JMD 33,439,148 against JMD 28,218,602 a year ago. Net profit being total comprehensive income for the period was JMD 30,059,981 against JMD 25,317,443 a year ago. Earnings per share was JMB 0.30 against 0.25 a year ago.
For the six months, the company reported revenue of JMD 349,769,044 against JMD 271,793,833 a year ago. Operating profit was JMD 73,343,869 against JMD 67,754,029 a year ago. Net profit being total comprehensive income for the period was JMD 66,068,784 against JMD 61,007,865 a year ago. Earnings per share was JMD 0.66 against JMD 0.61 a year ago. Net cash provided operating activities was JMD 99,449,510 against JMD 51,591,451 a year ago. Acquisition of property, plant and equipment was JMD 82,777,463 a year ago.
Knutsford Express Services Limited is a Jamaica-based company. The Company's main activities are the provision of transportation and courier services and rental from investment properties. The Company operates through two segments: Transportation & Courier, and Investment Properties. It provides passenger & courier service between Negril, Westmoreland, Lucea, Hanover, Montego Bay Airport, St. James, Falmouth, Trelawny, Drax Hall, St. Ann, Angels (Spanish Town), St. Catherine, New Kingston, Kingston, Gutters, St. Elizabeth, Luana, St. Elizabeth, Mandeville, Manchester, Savanna-la-mar, Westmoreland, May Pen, Clarendon, Port Antonio, Portland, Port Maria, St. Mar. The Company's subsidiaries include KE Connect Limited, which provides convenient connections to the island's international airports; Knutsford Express Investments Limited, which undertakes property development and other investment initiatives; MVL Greenvale Limited.