Home Tag "Barita Investments Limited"

Barita Investments Limited Reporting Net Profits Of JA$912M, A Third Consecutive Quarter Of Record Profits

Barita Investments Limited is reporting for the quarter ending June 30th 2019 net profits of JA$912 Million, which the company says represents a third consecutive quarter of record profits. Commenting on the Groups unaudited results, Chairman Mark Myers, reported that for the nine months their focus on revenue growth and diversification has continued to bear […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance

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 […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance

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 […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance

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 […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance

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 […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance

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 […]

Barbados 2018-2020 Economic Review

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 […]

Barbados 2018-2020 Economic Review

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 […]

Barbados 2018-2020 Economic Review