29.8 C
Ocho Rios
Saturday, October 5, 2024

CPJ saw a 32 percent jump in revenue

Caribbean Producers Jamaica (CPJ) has seen a 32 percent jump in revenue which comes in at US$33.06 million contrasted with US$25.02 million for a similar period last year.

Simultaneously, the cost of working income rose by 35% to US$22.83 million compared with US$16.88 million in 2021.

There has been an increase in operating costs which stands at US$6.17 million compared to US$4.37 million in the last year.

Depreciation for the period fell by one percent, shutting at US$1.03 million (2021: US$1.04 million)

Net profit added up to US $1.72 million compared with US $1.67 million in 2021. Taxation for the period stands at US$518,740, doubling the figure of  US$219,568 incurred a year earlier.

There was a slight increase in net profit owed to investors, for the period the figure is at US$1.64 million, up from US$1.60 million in 2021. Earning per share for the quarter added up to US$0.15 cents (2021: US$0.15 cents)

Finance costs were US$755,378 versus the $683,223 revealed in 2021, an 11 percent expansion. Total assets added up to US$86.48 million, 20 percent more than its worth of $72.07 million booked a year prior.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

-Advertisement-
Spotlite

Spur Tree Spices: One Of Great Demand

Spur Tree Spices Limited (SPURTREE) being the first company to get listed on the Junior Market of the Jamaica...
-Advertisement-

More Articles Like This