Home Businessuite Markets Sygnus Credit Investments’ Record Results Driven By Expanding Portfolio Of Private Credit Investments Across Caribbean Region
Sygnus Credit Investments’ Record Results Driven By Expanding Portfolio Of Private Credit Investments Across Caribbean Region

Sygnus Credit Investments’ Record Results Driven By Expanding Portfolio Of Private Credit Investments Across Caribbean Region

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Sygnus Credit Investments Limited (SCI) reported an annual record for net profits, core revenues and core earnings, for the financial year ended June 30, 2019.

SCI’s record results were driven by an expanding portfolio of private credit investments across the Caribbean region, in keeping with SCI’s mandate to provide Caribbean middle market firms with access to a non-traditional financing channel.

SCI’s core revenues, or total investment income, grew by 169.5% or US$2.02 million to a record US$3.2 million, for the financial year ended June 30, 2019.

This compares with US$1.19 million for the financial year ending June 30.

Ninety-eight percent of core revenues were comprised of interest income.

SCI’s core earnings, or net investment income, grew by 166.3% or US$1.38 million to a record US$2.21 million for FYE Jun 2019, versus US$829.42 thousand for FYE Jun 2018.

Net profit attributable to shareholders increased by 44.0% or US$626.88 thousand to a record US$2.05 million for FYE Jun 2019, versus US$1.42 million for FYE Jun 2018.

Earnings per share (EPS) was 0.59 US cents for FYE Jun 2019 vs 0.85 US cents for FYE Jun 2018, partly driven by a much higher number of shares outstanding for FYE Jun 2019 vs FYE Jun 2018, from an initial public offering (IPO).

The Board of Directors has approved an interim dividend of US$0.00249 per share. The dividend payment will be made to all shareholders on record as at September 30, 2019 and will be paid on October 18, 2019. The ex-dividend date will be September 27, 2019.at a meeting held on September 12, 2019.

For more click HERE Sygnus Credit Investments Limited (SCI) Audited Financial Statements for the Year Ended June 30, 2019

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