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Jamaican Finance Minister Nigel Clarke said on Monday he had asked the FBI and other international partners to join the investigation of investment firm Stocks and Securities Limited (SSL).
Massy first-quarter profits up by 20%
Robert Bermudez
MASSY HOLDINGS Ltd posted a 20 per cent increase in profits in their second quarter (January March 2021) in comparison to the same period last year.
In a chairman’s report in its unaudited financial statements, Massy Holdings announced it went up to $314 million in profits after tax as compared to the same period in 2020, where they garnered $263 million. The group’s earnings per share also grew by 24 per cent, climbing from $2.41 per share last year to $2.98 per share this quarter.
It, however, declined in third-party revenue by one per cent.
The group’s main business portfolios experienced interruptions because of a decline in activity, stock and demand, some of which was related to covid19, but the new active management of investment portfolios brought gains which offset the poor performance in other areas.