Home Tag "JMMB Group"

JMMB Group Records Over J$2B in Net Profit

The regional financial entity, JMMB Group, closed out the six-month period, ended September 2018, with a net profit of J$2.1 billion, which reflect a 24% growth year-over-year. Additionally, the Group posted net operating revenue of J$9.3 billion, which reflects an increase of 15%, compared to the corresponding prior period. The Group’s performance was largely driven […]

Salada Foods Jamaica Reporting A 219.82% Increase In Net Profits, Buoyed By Strong Sales Performance

NCB Financial Group Posts Highest Profit In Company History Supported By Strong Performances Across Business Segments.

The NCB Financial Group Limited (NCBFG) and its subsidiaries (the Group) recorded net profits of JA$28.6 billion for the financial year ended September 30, 2018, with net profit attributable to stockholders of $28.0 billion, an increase of 46% or $8.9 billion over the prior year. For the fourth quarter, net profits exceeded JA$7 billion which […]

Salada Foods Jamaica Reporting A 219.82% Increase In Net Profits, Buoyed By Strong Sales Performance

JA$2.7B Investment In JMMBGL In Line With PanJam’s Long-Term Strategy To Take Meaningful Equity Positions In Strong, Growing Companies With A Regional Reach.

PanJam Investment Limited has acquired 100,000,000 shares, or a 6.1% stake, in JMMB Group Limited (JMMBGL). PanJam’s purchase of the JMMBGL shares, which took place on September 26, 2018, will be funded with proceeds from a private placement of JA$2.7 billion in secured notes with a 19-month maturity. According to Joanna Banks, PanJam’s Vice-President of […]

Salada Foods Jamaica Reporting A 219.82% Increase In Net Profits, Buoyed By Strong Sales Performance

NCB Financial Group Reduces Stake In JMMB Group Selling 6% Stake To PanJam Investment Booking Millions In Profit

NCB Financial Group Limited (NCBFG) announced last week that National Commercial Bank Jamaica (NCBJ) a wholly owned subsidiary sold 102,500,000 JMMB Group Limited ordinary shares on September 26, 2018. It was also announced last week that PanJam Investment Limited (PanJam) acquired 100,000,000 shares, or a 6.1% stake, in JMMB Group Limited (JMMBGL) on September 26, […]

Salada Foods Jamaica Reporting A 219.82% Increase In Net Profits, Buoyed By Strong Sales Performance

JMMB Group Chairman Congratulates Mrs. Street Forrest For Her Effectiveness As The Leader At The Jamaica Stock Exchange

Mr. Archibald Campbell, Chairman of the JMMB Group, has congratulated Mrs. Street Forrest for her effectiveness as the leader at the Stock Exchange, he went on to say “I would like to thank our shareholders for sticking with us over the years, for without you we could not have achieved the phenomenal growth that we […]

Corportate Movements – December 2018

Companies Should Look To The Stock Exchange As A Medium To Raise Capital And Grow Your Business As The Economic Climate Is Right For Companies To Access Capital – Duncan

Mr. Keith Duncan, Group CEO of JMMB Group Ltd, is congratulating the JSE on its 100th listing and thanking his staff for their stellar effort through the years. He told the audience at an event held at the Jamaica Stock Exchange last week where the JMMB Group listed its Cumulative Redeemable and Preference shares on […]

Corportate Movements – December 2018

The Jamaica Stock Exchange Is A Medium For Business Expansion And Wealth Creation.

Mrs. Marlene Street Forrest, Managing Director of the Jamaica Stock Exchange is lauding and presenting the JMMB Group as a testament of what can be achieved by other companies, using the Exchange as a medium for business expansion and wealth creation. JMMB she said, has used the power of the market and their record of […]

Corportate Movements – December 2018

JMMB Group Creates Innovation Centre In Partnership With Sheldon Powe, Former Group Chief Information Officer.

JMMB Group Limited (JMMBGL) has advised that the Company has decided that it is the right time to pull out innovation from its information (IT) operations, and create an Innovation Centre in partnership with Sheldon Powe, Group Chief Information Officer. “For 21 years, Sheldon Powe has led the JMMB IT team serving the technological needs […]

Corportate Movements – December 2018

JMMB Group Preference Share Offer Raises Over J$9B Tripling Initial Target Of J$3B.

The week-long JMMB Group Limited (JMMBGL) Preference Share Offer, which closed on Wednesday, March 7, 2018 raised J$9.28 B in total; almost tripling, the company’s initial target of approximately J$3.2 B. JMMBGL offered four (4) simultaneous tranches of cumulative redeemable preference shares, with a US$ and J$ option, which matures in 2025 – although the […]

Salada Foods Jamaica Reporting A 219.82% Increase In Net Profits, Buoyed By Strong Sales Performance

The JMMB Group Announce Plans To Raise J$3.27 Billion Through Four New Cumulative Redeemable Preference Shares

The JMMB Group has announced plans to raise US$ 10 million and J$2 billion, totaling approximately J$3.27 billion, through the issue of four new cumulative redeemable preference shares, with no par value, and denominated in US and Jamaican dollars, The offer, set to open on Wednesday, February 28 at 9:00 a.m. will be sold at […]

Corportate Movements – December 2018