Home Tag "Barita Investments Limited"

Corporate Movements – May 2019

Scotia Group Jamaica Limited (SGJ) has advised that Hugh Miller, Chief Operating Officer at Scotia Investments Jamaica Limited, will be leaving the organization effective May 31, 2019 Jamaica Stock Exchange Limited (JSE) has advised that effective April 30, 2019, Ms. Yvolyn Maxwell is no longer a director of the Board of the Jamaica Central Securities […]

Sagicor Investments To Acquire 60% Stake In Advantage General Insurance For US$30.3M or JA$3.9B

Barita Investments Limited Reporting Net Profits Of JA$408.3M, A Second Consecutive Quarter Of Record Profits.

Mark Myers Chairman of Barita Investments Limited is reporting net profits of JA$408.3 million, a second consecutive quarter of record profits. Commenting on the performance he indicated that for the six months their strategy continued to reward them with a near ten-fold growth in net profits; an increase of $467.3 million, or 946.6%, to $516.7 […]

SSL Venture Capital Limited Post Revenues Of JA$93.6M And A Net Loss Of JA$35.6M For The Quarter Ended 31 March 2019.

Barita Investments Reporting 379.7% Improvement In Q1 Net Profit To JA$108M, Even Amidst Significant Impact By Foreign Currency Translation Losses

Barita Investments Limited is report a 379.7% improvement in net profit to JA$108.4 million, even amid a significant impact by foreign currency translation losses totaling $179.5 million for the first quarter of the 2019 financial year. With a stable currency, the profit levels would have been $288 million for the quarter they report. Mark Myers […]

SSL Venture Capital Limited Post Revenues Of JA$93.6M And A Net Loss Of JA$35.6M For The Quarter Ended 31 March 2019.

Barita Investments Reporting 84.2% Improvement In Net Profits For 2018 Financial Year

Barita Investments Limited is reporting an 84.2 percent improvement in net profits to JA$374 Million for the financial year ending September 30th 2018. Commenting on the results Chairman Mark Myers reported to shareholders that this was achieved on the back of both higher net interest income and non-interest income streams. Amid a 29.2 percent decline […]

SSL Venture Capital Limited Post Revenues Of JA$93.6M And A Net Loss Of JA$35.6M For The Quarter Ended 31 March 2019.

Barita Investments Continues To Feel Effects Of JA$ Strengthening Against The US$

Chairman of Barita Investments Limited Rita Humphries-Lewin, is reporting that for the March 2018 quarter the company achieved growth in key revenue drivers, namely interest income, fees and commission income and cambio trading and translation gains. Commenting further on the company’s performance she reported that net profit for the three months totaled JA$88 million, compared […]

SSL Venture Capital Limited Post Revenues Of JA$93.6M And A Net Loss Of JA$35.6M For The Quarter Ended 31 March 2019.

Barita Investments Posts Before Tax Profits of Over $330m

Founder and Chairman of Barita Investments Limited, Rita Humphries-Lewin, is reporting for the financial year ending September 30, 2017 the company posted profit before tax just over $330-million. Barita Investments posted $331-million, moving from an over 10-percent decline in interest income year-on-year to more than $1-billion. Addressing shareholders, she reported that Net Pro?t was negatively […]

SSL Venture Capital Limited Post Revenues Of JA$93.6M And A Net Loss Of JA$35.6M For The Quarter Ended 31 March 2019.

Mark Myers Led Cornerstone United Holdings Makes Offer For Majority Stake In Barita Investments Limited

Barita Investments Limited has now disclosed that it has received an offer from the Mark Myers led Cornerstone United Holdings Jamaica Limited to purchase the majority share holdings of the Company. The terms and conditions of this acquisition are dependent on the outcome of negotiations which are yet to be finalized. Cornerstone United Holdings Jamaica […]

Sagicor Investments To Acquire 60% Stake In Advantage General Insurance For US$30.3M or JA$3.9B

Rita Humphries-Lewin Receives Offer To Acquire Majority Shareholdings In Barita Investments.

Barita Investments Limited has advised that the Company has received an offer to acquire majority shareholdings in the Company. Founder and Chairman, Rita Humphries-Lewin who started the company in the 1970s, is currently the majority shareholder with a 76 percent shareholding of 340 million shares, is seen as the likely target. The Company’s Board of […]

Sagicor Investments To Acquire 60% Stake In Advantage General Insurance For US$30.3M or JA$3.9B