The company saw a 26 percent dip in net profit for the first 6 months of their business year ending September 2022.
Net profit after tax amounted to $133 million JMD compared to $180 million for the same time a year prior. This resulted in earnings per share (EPS) for the period falling to $0.48 compared to $0.65 for the same period of 2021.
The growth in its loan book is now up nine percent which currently stands at $4.76 billion compared to the same time last year.
Operating income amounted to $1.041 billion JMD within that period which is a seven percent increase compared to last year’s $971 million.
Operating expense is a significant problem facing the company, this figure came in at $830.6 million, which is a 14 percent jump over last year’s figure of $730 million JMD.
Overall, total assets rose to $6.31 billion over last year’s $5.68 billion.
