Home SME Enterprise Auto Jetcon Corporation 2017 Revenues Up 37% Crosses JA$1 Billion Mark For First Time.
Jetcon Corporation 2017 Revenues Up 37% Crosses JA$1 Billion Mark For First Time.

Jetcon Corporation 2017 Revenues Up 37% Crosses JA$1 Billion Mark For First Time.

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Jetcon Corporation Ltd is reporting profits of JA$154 million for their 2017 financial year, a 55% jump over 2016.

The directors are celebrating another successful year as revenues were also up, rising 37% to exceed the $1 billion mark for the first time.

However, sales in December were lower than expected, due to delays in vehicles being cleared from the wharf, resulting in slowing deliveries.

Revenues for the first two months of the 2018 was however 16% ahead of the same period in 2017 and orders in hand at the start of March are in line with the similar period in 2017.

The company has acquired property during the year to allow for continued expansion of its operations going forward and to be able to better serve clients.

Jetcon Corporation closed the year with improved earnings per stock unit of 26 cents up from the 18 cents in 2016.

To view Jetcon Corporation Limited Financial Statements for Year Ended December 31, 2017 click HERE