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Barita Investments Limited is reporting profits of $2.2 billion for the first six months of the year ended March 31, 2021, more than double the earnings of the comparative period of 2019.
This translated into earnings per share (EPS) of $1.90, a 53 per cent rise relative to $1.24 in the comparative period of 2020.
“Barita continued its push to deploy capital efficiently and effectively within the context of a dynamic economic and investment landscape, which continues to be assailed by COVID-19, company chairman Mark Myers stated in comments attached to the financial results.
Barita cited measures to accelerate economic recovery in Jamaica, the US and Europe, which led equity markets (particularly the US) to rally to higher peaks.