Crediting Improved RJR Results To Net Profits Of JA$95 Million From The Gleaner Company Media Limited – Allen
The RJR Group is reporting improved profit after tax of JA$145.2 million for the year ended March 2017.
The Group’s revenues of JA$5.2 billion reflected an increase of JA$2.9 billion or 126.77% over the comparable period last year due to the addition of Gleaner Company Media revenues and the pre-amalgamated RJR revenues registering a 2% increase.
RJR Group Managing Director Gary Allen in his report to shareholders is crediting the improved results to net profits of JA$95 million from the Gleaner Company Media Limited and improvement in the profitability of the pre-amalgamated RJR Group, recording higher revenues and lower selling, operating and administrative expenses. Operations for the financial year were challenged, he said with unplanned extraordinary costs associated with protecting broadcast copyright and an increase in the cost of repairs to transmitters to ensure consistent quality to viewers and listeners.BM