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Ryan Reid First Rock Capital Holdings Limited Businessuite 2021 #1 Jamaica Main Market Chief Executive Officer

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3 years ago

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Businessuite 2021  #1 Jamaica Main Market CEO – % change US$ Profit after Tax
NR NR NR US$000 US$000 %
2021 2020 2019 Company Chief Executive Officer (CEO) 2021/2020 2020/2019 2021 Change
1 JA First Rock Capital Holdings Limited Ryan Reid $2,604 $693 275.76%

Ryan Reid
Co-Founder and CEO
Ryan Reid is the Co-Founder, President and CEO of First Rock Group. Mr. Reid brings 15 years of experience in the real estate and financial sectors, with eight at the executive level in the financial sector. Throughout his career, he has had responsibilities of leading sales, services, accounting, investments and corporate finance teams.

Mr. Reid studied at the University of the West Indies and the University of Wales where he pursued a Bachelor of Science in Banking and Finance and a Master’s in Business Administration in General Management, respectively. He also studied at Wharton Business School with a focus on Distressed Asset Investing and the Harvard Business School with a focus on Creating Shareholder Value. He is a member of the First Angels Investor Group and the Young Presidents Organization (YPO). He is a director of multiple private and public sector companies. He is also a Justice of the Peace for the Parish of St. Andrew.

See also: https://businessuiteonline.com/ryan-reid-first-rock-capital-holdings-limited-businessuite-2021-1-jamaica-main-market-chief-executive-officer-on-hit-j10b-in-assets/

First Rock Capital Holdings Limited (FirstRock or the Company) is an IBC incorporated in and under the laws of St. Lucia. FCH is an investment holding company, with a core focus on real estate and private equity investments. FCH deploys its capital for the ultimate benefit of its Shareholders.

The investment objective of the Company is to provide Shareholders with a tax-efficient vehicle, generate above average risk adjusted returns and preservation of capital through the diversification of assets. FirstRock invests primarily in real estate assets including income generating investment properties, development projects (greenfield and brownfield), real estate linked financial instruments and opportunistic private equity investments.

The Company’s investment scope includes Jamaica, the wider Caribbean, North America and Latin America. The Company has five subsidiaries which together form the Company:

First Rock USA LLC which is a limited liability company incorporated in and under the laws of the State of Florida, USA and holds real estate and investment assets.

First Rock Capital Latam, S.A. which is a corporation incorporated in and under the laws of Costa Rica and holds real estate and investment assets.

First Rock Capital Cayman Limited which is a limited liability company incorporated in and under the laws of Cayman and holds real estate and investment assets.

FCH Jamaica Developers Limited which is a limited liability company incorporated in and under the laws of Jamaica to execute real estate developments.

Dolla Financial Services Limited which is a limited liability company incorporated in and under the laws of Jamaica as a micro-finance entity.

The Company’s investment activities are managed by its Investment Manager, First Rock Capital Resource Limited (FCR). FCR is a limited liability company incorporated in and under the laws of Jamaica. FCR is an unrelated, third party asset management company engaged under contract by FirstRock, to achieve the goals and objectives of the Company, whilst adhering to the policies & guidelines determined by the Company, in accordance with all applicable laws.

Net profit attributable to shareholders increased by 284%, or US$1.97 million, to US$2.66 million versus US$692 thousand for FYE December 2019.

The results were mainly driven by the buoyancy in real estate values in the territories of operations, and interest income from financial assets at amortised cost, including loans receivables. Net operating income increased by 196%, or US$3.98 million, to US$5.9 million versus US$2 million for FYE December 2019.

Total expenses increased by 150%, or US$1.99 million, to US$3.3 million versus US$1.3 million for FYE December 2019. The increase in expenses was driven by staff costs and other costs associated with Dolla Financial, investment management fees and legal and professional fees.

Total assets amounted to US$35.9 million as at December 31, 2020, an increase of 122% or US$19.7 million over the US$16.17 million reported as at December 31, 2019. The growth was mainly driven by investment properties and financial investments which increased by 110% and 130%, or US$10.6 million and US$5.2 million, respectively.

Total liabilities amounted to US$6 million as at December 31, 2020, an increase of 2,323% or US$5.8 million over the US$251 thousand reported as at December 31, 2019. Financing received from leading financial institutions for property acquisitions was the main driver of the increase in liabilities, and despite their classification as current as at the year end because they are demand loans, their maturities are not until FYE December 2022 and December 2023.

As at December 31, 2020 Shareholder Equity attributable to equity holders of the company stood at US$29.7 million, an increase of 87% or US$13.8 million.

US$13.3 million in capital was raised from the issue of 119,903,258 ordinary shares in an IPO in February 2020. One-time transaction costs associated with the IPO was US$1 million. These costs represented arranger fees, broker and selling agent fees, and legal fees.

Investment Activities
The Company began to realize the expected yields from its investment properties acquired during FYE December 2019, despite the impact of the COVID-19 pandemic. Rental income increased by 438%, or US$350 thousand, to US$431 thousand versus US$80 thousand for FYE December 2019. Real estate continued to prove itself to be one of the most stable asset classes, especially in times of crisis. This stability resulted in a net gain from fair value adjustment on investment property of US$4.9 million, an increase of 292%, or US$3.7 million, versus the US$1.3 million recorded for FYE December 2019.

The strategic diversification of assets across several jurisdictions in the Caribbean, North America and Latin America has been critical to achieving these gains in fair value of investment properties.

Extracted from Management Discussion & Analysis
Ryan Reid Co-Founder, President and CEO of First Rock Group

More Information
https://www.jamstockex.com/wp-content/uploads/2021/06/FR_2020-Annual-Report-final.pdf

 

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Ryan Reid, First Rock Capital Holdings Limited Businessuite 2021 #1 Jamaica Main Market Chief Executive Officer On Hitting J$10B In Assets – BusinessuiteOnline
2 years ago

[…] J$10 billion dollars in assets. A massive milestone for being in operation for just three years ! CEO and Chairman of First Rock Group, Ryan Reid is joining us today to tell us how they’ve achieved such an […]

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Businessuite Top 100 Caribbean Companies and CEO – 2024 Digital Edition

Published

2 weeks ago

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February 11, 2025

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Businessuite 2024 Top 100 Caribbean Companies – Profit after Tax        

Published

3 weeks ago

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February 1, 2025

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Businessuite 2024 Top 100 Caribbean Companies – Profit after Tax
US$000
2023 2024 Exchange Company 2024/2023
3 1 TT Republic Financial Holdings Limited $284,118
4 2 BB CIBC Caribbean Bank Limited $269,910
8 3 TT Massy Holdings Limited $119,549
7 4 TT First Citizens Bank Limited $114,228
10 5 JA Scotia Group Jamaica Ltd. $110,729
5 6 TT Guardian Holdings Limited $103,088
25 7 JA Jamaica Producers Group Limited $102,331
9 8 TT Scotiabank Trinidad & Tobago Limited $99,705
2 9 JA NCB Financial Group Ltd. $98,565
6 10 JA Sagicor Group Jamaica Limited $93,663
15 11 TT ANSA Mc Al Limited $87,424
12 12 JA JMMB Group Limited $76,171
13 13 TT Agostini’s Limited $57,813
11 14 JA GraceKennedy Limited $53,852
16 15 GY Banks DIH Ltd. $47,154
18 16 BB Goddard Enterprises Limited $44,819
14 17 TT The West Indian Tobacco Company Limited $40,748
17 18 JA Caribbean Cement Company Limited $35,840
24 19 JA Wisynco Group Limited $31,638
31 20 JA Seprod Limited $29,331
26 21 GY Demerara Distillers Ltd. $28,361
33 22 EC East Caribbean Financial Holding Company $27,653
40 23 TT Trinidad Cement Limited $25,028
132 24 JA Transjamaican Highway Limited $23,971
20 25 JA Pan Jamaica Group Limited $23,936
29 26 GY Republic Bank Guyana Ltd. $23,334
27 27 JA Carreras Limited $22,672
28 28 TT Angostura Holdings Limited $22,350
23 29 JA Barita Investments Limited $21,948
NR 30 TT A.S. Bryden & Sons Holdings Limited $20,563
32 31 JA Kingston Wharves Limited $20,512
35 32 GY Demerara Bank Limited – Group $19,365
133 33 TT ANSA Merchant Bank Limited (Group) $19,014
135 34 EC St. Kitts-Nevis-Anguilla National Bank Ltd. $18,401
22 35 JA Jamaica Broilers Group Limited $18,194
30 36 JA Supreme Ventures Limited $15,693
34 37 EC St. Lucia Electricity Services Ltd. $15,406
38 38 JA Lasco Manufacturing Limited $15,300
37 39 GY Guyana Bank for Trade & Industry Ltd. $14,929
48 40 JA Stanley Motta Limited $11,347
36 41 JA Pulse Investments Limited $10,110
43 42 EC The West Indies Oil Company Ltd. $9,531
44 43 JA Lasco Distributors Limited $9,299
39 44 GY Citizens Bank Guyana Inc. $9,247
45 45 BB Cave Shepherd & Company Limited $8,906
89 46 EC Bank of St. Vincent and the Grenadines $8,599
49 47 TT Prestige Holdings Limited $8,226
95 48 EC Grenada Co-operative Bank Ltd. $8,094
63 49 EC Grenada Electricity Services Limited $7,883
46 50 TT PLIPDECO Limited $7,743
121 51 BB Banks Holdings Limited $7,645
42 52 JA Caribbean Producers Jamaica Limited (Group) $6,359
47 53 TT Endeavour Holdings Limited $6,304
50 54 JA Sygnus Credit Investments Limited $6,025
21 55 JA Mayberry Group Limited $5,876
61 56 EC Republic Bank (Grenada) Limited $5,752
68 57 JA Wigton Windfarm Limited $5,392
51 58 BB West India Biscuit Company Limited $5,341
NR 59 TT National Flour Mills Limited $5,214
62 60 JA Kingston Properties Limited – Group $4,647
55 61 TT One Caribbean Media Limited $4,475
58 62 JA Fontana Limited $4,211
60 63 EC S. L. Horsford & Co Ltd. $4,185
59 64 JA General Accident Insurance Co Ja $3,371
77 65 JA Eppley Limited $3,260
64 66 JA Dolphin Cove Limited $3,058
73 67 JA Dolla Financial Services Limited $2,694
76 68 JA Future Energy Source Company Limited $2,640
79 69 TT Unilever Caribbean Limited $2,523
67 70 JA 138 Student Living Jamaica Limited $2,204
65 71 JA Access Financial Services Ltd. $2,186
72 72 JA Cargo Handlers Limited $2,074
100 73 JA Knutsford Express Limited $1,924
75 74 JA Stationery & Office Supplies Limited $1,786
69 75 JA Mailpac Group Limited $1,672
74 76 EC St. Kitts Nevis Anguilla Trading & Development Company $1,668
129 77 JA MPC Caribbean Clean Energy Limited $1,587
88 78 JA Jamaican Teas Limited $1,558
66 79 JA FosRich Company Limited $1,512
80 80 JA Honey Bun (1982) Limited $1,492
128 81 JA Palace Amusement Company (1921) Limited $1,466
87 82 JA Express Catering Limited $1,408
78 83 JA Indies Pharma Jamaica Limited $1,369
98 84 JA Image Plus Consultants Limited $1,362
52 85 JA Sygnus Real Estate Finance Limited – Group $1,359
90 86 JA Main Event Entertainment Group Ltd $1,333
53 87 JA Victoria Mutual Investments Limited – Group $1,278
56 88 JA Derrimon Trading Company Limited $1,170
93 89 GY Sterling Products Limited $1,162
85 90 JA Salada Foods Jamaica Limited $1,155
83 91 JA Blue Power Group Limited $1,114
70 92 JA Lasco Financial Services Limited $1,041
84 93 JA Lumber Depot Limited $918
101 94 JA Caribbean Flavours & Fragrances Ltd $854
81 95 JA Tropical Battery Company Limited $838
99 96 JA Caribbean Assurance Brokers Limited $793
108 97 JA Sterling Investments Limited $661
107 98 JA Everything Fresh Limited $645
94 99 JA Spur Tree Spices Jamaica Limited $623
97 100 JA AMG Packaging & Paper Company $575

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Businessuite 2024 Top 100 Caribbean Chief Executive Officers

Published

3 weeks ago

on

February 1, 2025

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Businessuite 2024 Top 100 Caribbean             Chief Executive Officers
US$000 US$000 % Change
2024 Company Chief Executive Officer 2024 2023
1 JA JMMB Group Limited  Keith Duncan $76,171 $4,598 1556.54%
2 EC-Grenada Grenada Co-operative Bank Ltd. Larry Lawrence $8,094 $780 937.65%
3 EC-St. Vincent and the Grenadines Bank of St. Vincent and the Grenadines Derry Williams $8,599 $1,077 698.66%
4 TT National Flour Mills Limited Ian Mitchell $5,214 $1,019 411.62%
5 JA Jamaica Producers Group Limited Jeffrey Hall $102,331 $26,580 284.99%
6 JA Knutsford Express Limited Oliver Townsend $1,924 $580 231.57%
7 TT Trinidad Cement Limited Francisco Aguilera Mendoza $25,028 $8,526 193.56%
8 JA Wigton Windfarm Limited Earlington Barrett – $5,392 $2,058 162.01%
9 EC-Grenada Grenada Electricity Services Limited Clive Hosten $7,883 $3,149 150.32%
10 JA Sterling Investments Limited Charles Ross $661 $285 132.26%
11 TT ANSA Mc Al Limited Anthony N. Sabga III $87,424 $39,199 123.02%
12 JA Mayberry Group Limited Gary Peart $5,876 $2,792 110.50%
13 JA Caribbean Flavours & Fragrances Ltd Derrick Cotterell $854 $411 107.49%
14 JA Blue Power Group Limited Vishwanauth Tolan $1,114 $543 105.12%
15 JA Eppley Limited Justin Nam $3,260 $1,592 104.74%
16 JA Everything Fresh Limited Courtney Lancelot Pullen $645 $321 101.01%
17 JA Stanley Motta Limited Melanie Subratie $11,347 $5,659 100.52%
18 TT A.S. Bryden & Sons Holdings Limited Richard R. Pandohie $20,563 $10,272.42 100.18%
19 EC-St. Lucia East Caribbean Financial Holding Company Rolf Phillips $27,653 $15,431 79.20%
20 TT Unilever Caribbean Limited Ginelle Lambie $2,523 $1,441 75.09%
21 JA Scotia Group Jamaica Ltd. Audrey Tugwell Henry $110,729 $68,815 60.91%
22 TT Prestige Holdings Limited Simon Hardy $8,226 $5,232 57.22%
23 BB CIBC Caribbean Bank Limited Mark St. Hill $269,910 $176,393 53.02%
24 JA Caribbean Assurance Brokers Limited Sheraley Bridgeman $793 $520 52.59%
25 JA Seprod Limited Richard Pandohie $29,331 $19,458 50.74%
26 EC-Grenada Republic Bank (Grenada) Limited Naomi E. DE Allie $5,752 $3,849 49.46%
27 TT Agostini’s Limited Anthony Agostini $57,813 $38,912 48.57%
28 TT Guardian Holdings Limited Ian Chinapoo $103,088 $70,218 46.81%
29 JA Dolla Financial Services Limited Kenroy Kerr $2,694 $1,870 44.03%
30 JA Sagicor Group Jamaica Limited Christopher Zacca $93,663 $65,638 42.70%
31 JA Jamaican Teas Limited John Mahfood $1,558 $1,123 38.67%
32 GY Demerara Bank Limited – Group Pravinchandra Dave $19,365 $14,188 36.49%
33 EC -Antigua and Barbuda ` Gregory Georges $9,531 $7,196 32.45%
34 JA Main Event Entertainment Group Ltd Solomon Sharpe $1,333 $1,009 32.17%
35 BB Cave Shepherd & Company Limited Roger M. Cave $8,906 $6,771 31.55%
36 BB Goddard Enterprises Limited Anthony H. Ali $44,819 $34,102 31.43%
37 JA Pan Jamaica Group Limited Jeffrey Hall $23,936 $18,285 30.91%
38 GY Sterling Products Limited Ramsay Ali $1,162 $892 30.18%
39 GY Guyana Bank for Trade & Industry Ltd. Richard Isava $14,929 $11,642 28.23%
40 JA Kingston Properties Limited – Group Kevin Richards $4,647 $3,800 22.29%
41 TT PLIPDECO Limited Ernest Ashley Taylor $7,743 $6,416 20.68%
42 BB Banks Holdings Limited Richard Fennell $7,645 $6,393 19.59%
43 JA Sygnus Credit Investments Limited Berisford Grey $6,025 $5,135 17.33%
44 JA Wisynco Group Limited Andrew Mahfood $31,638 $27,031 17.04%
45 TT Republic Financial Holdings Limited Nigel M. Baptiste $284,118 $248,361 14.40%
46 GY Republic Bank Guyana Ltd. Stephen R. Grell $23,334 $20,572 13.43%
47 JA Kingston Wharves Limited Mark Williams $20,512 $18,261 12.33%
48 GY Demerara Distillers Ltd. Komal R. Samaroo $28,361 $25,552 10.99%
49 JA Lasco Manufacturing Limited James E. D. Rawle $15,300 $13,883 10.21%
50 JA Honey Bun (1982) Limited Michelle Chong $1,492 $1,357 9.93%
51 JA Access Financial Services Ltd. Marcus James $2,186 $2,007 8.91%
52 JA Cargo Handlers Limited Antony M. Hart $2,074 $1,928 7.54%
53 EC-St. Kitts and Nevis S. L. Horsford & Co Ltd. Anthony Kelsick $4,185 $3,892 7.53%
54 GY Citizens Bank Guyana Inc. Eton M. Chester $9,247 $8,644 6.98%
55 BB West India Biscuit Compant Limited Lorenzo Roach $5,341 $5,014 6.52%
56 TT One Caribbean Media Limited Dawn Thomas $4,475 $4,217 6.12%
57 JA GraceKennedy Limited Don Wehby $53,852 $50,780 6.05%
58 GY Banks DIH Ltd. Clifford Barrington Reis $47,154 $44,554 5.84%
59 TT The West Indian Tobacco Company Limited Raoul Glynn, $40,748 $38,581 5.62%
60 TT First Citizens Bank Limited Karen Darbasie $114,228 $108,187 5.58%
61 EC-St. Lucia St. Lucia Electricity Services Ltd. Gilroy Pultie $15,406 $14,667 5.04%
62 JA Stationery & Office Supplies Limited Allan McDaniel, $1,786 $1,710 4.44%
63 TT Angostura Holdings Limited Laurent Schun $22,350 $21,421 4.34%
64 JA Fontana Limited Anne Chang $4,211 $4,042 4.17%
65 JA 138 Student Living Jamaica Limited Cranston Ewan $2,204 $2,123 3.84%
66 JA Dolphin Cove Limited Stafford Burrowes $3,058 $2,967 3.07%
67 JA Lasco Distributors Limited John De Silva $9,299 $9,026 3.02%
68 JA Caribbean Producers Jamaica Limited (Group) A. Mark Hart $6,359 $6,247 1.79%
69 EC-St. Kitts and Nevis St. Kitts Nevis Anguilla Trading & Development Company Earle Kelly $1,668 $1,640 1.74%
70 JA Caribbean Cement Company Limited Yago Castro $35,840 $35,901 -0.17%
71 TT Scotiabank Trinidad & Tobago Limited Gayle M. Pazos $99,705 $100,848 -1.13%
72 JA Salada Foods Jamaica Limited Tamll Brown $1,155 $1,170 -1.22%
73 JA Lumber Depot Limited Noel Dawes $918 $968 -5.14%
74 TT Massy Holdings Limited Gervase Warner $119,549 $126,576 -5.55%
75 JA Jamaica Broilers Group Limited Christopher Levy $18,194 $19,311 -5.79%
76 JA Carreras Limited Raoul Glynn $22,672 $24,244 -6.48%
77 JA Indies Pharma Jamaica Limited Dr. Guna Muppuri $1,369 $1,472 -6.99%
78 JA Image Plus Consultants Limited Kisha Anderson $1,362 $1,577 -13.61%
79 JA Pulse Investments Limited Kingsley Cooper $10,110 $11,914 -15.14%
80 JA General Accident Insurance Co Ja Sharon Donaldson $3,371 $4,029 -16.35%
81 JA AMG Packaging & Paper Company George Hugh $575 $700 -17.89%
82 JA Mailpac Group Limited Dr Mark Gonzales $1,672 $2,054 -18.60%
83 JA Spur Tree Spices Jamaica Limited Albert Bailey $623 $786 -20.76%
84 JA Barita Investments Limited Dane Brodber $21,948 $28,148 -22.03%
85 JA Supreme Ventures Limited Gary Peart $15,693 $20,525 -23.54%
86 JA Lasco Financial Services Limited Jacinth Hall-Tracey, $1,041 $1,427 -27.04%
87 JA FosRich Company Limited Cecil Foster $1,512 $2,165 -30.18%
88 JA Future Energy Source Company Limited Jeremy Barnes $2,640 $3,809 -30.69%
89 JA Tropical Battery Company Limited Alexander Melville $838 $1,314 -36.22%
90 TT Endeavour Holdings Limited Anthony Rahael $6,304 $10,168 -38.01%
91 JA Express Catering Limited Ian Dear $1,408 $2,702 -47.89%
92 JA NCB Financial Group Ltd. Robert Almeida $98,565 $234,272 -57.93%
93 JA Sygnus Real Estate Finance Limited – Group Berisford Grey $1,359 $4,621 -70.59%
94 JA Derrimon Trading Company Limited Derrick Cotterell $1,170 $4,119 -71.60%
95 JA Victoria Mutual Investments Limited – Group Devon Barrett $1,278 $4,778 -73.25%
96 EC-St. Kitts and Nevis St. Kitts-Nevis-Anguilla National Bank Ltd. Terrence A. Crossman $18,401 -$109,709 -116.77%
97 JA MPC Caribbean Clean Energy Limited Fernando Zúñiga $1,587 -$2,185 -172.63%
98 JA Palace Amusement Company (1921) Limited Douglas Graham $1,466 -$1,738 -184.35%
99 TT ANSA Merchant Bank Limited (Group) Ian R. De Souza $19,014 -$6,687 -384.34%
100 JA Transjamaican Highway Limited Ivan Anderson $23,971 -$7,140 -435.73%

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Businessuite 2024 Top 100 Caribbean Companies – US$  Revenue   

Published

3 weeks ago

on

February 1, 2025

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Businessuite 2024 Top 100 Caribbean Companies – US$  Revenue   
US$000 US$000
2023 2024 Company 2024 2023
1 1 TT Massy Holdings Limited $2,087,542 $1,824,063
4 2 TT ANSA Mc Al Limited $1,036,235 $942,749
6 3 TT Republic Financial Holdings Limited $1,001,029 $900,276
5 4 JA GraceKennedy Limited $996,200 $944,263
3 5 JA NCB Financial Group Ltd. $882,171 $968,954
2 6 TT Guardian Holdings Limited $799,910 $717,602
11 7 JA Seprod Limited $720,791 $523,017
10 8 BB CIBC Caribbean Bank Limited $715,463 $577,028
9 9 TT Agostini’s Limited $688,763 $604,219
12 10 BB Goddard Enterprises Limited $538,744 $484,416
8 11 JA Jamaica Broilers Group Limited $386,941 $397,490
NR 12 TT A.S. Bryden & Sons Holdings Limited $377,034 $184,376
14 13 TT First Citizens Group Limited $363,596 $315,429
17 14 JA Scotia Group Jamaica Ltd. $341,073 $267,230
16 15 TT Trinidad Cement Limited $327,883 $304,016
13 16 JA Supreme Ventures Limited $322,057 $339,186
19 17 JA Wisynco Group Limited $313,033 $260,368
7 18 JA Sagicor Group Jamaica Limited $300,904 $271,208
18 19 TT Scotiabank Trinidad & Tobago Limited $284,884 $279,948
22 20 GY Banks DIH Ltd. $236,038 $213,507
25 21 TT Prestige Holdings Limited $195,472 $162,997
26 22 JA Lasco Distributors Limited $187,579 $177,104
77 23 JA Pan Jamaica Group Limited $186,396 $16,744
36 24 JA Future Energy Source Company $184,332 $175,256
24 25 JA Caribbean Cement Company Limited $178,158 $172,289
23 26 EC  The West Indies Oil Company Ltd. $172,721 $181,450
27 26 GY Demerara Distillers Ltd. (Group) $158,072 $150,868
26 27 TT Angostura Holdings Limited $155,277 $151,904
30 28 JA Caribbean Producers Jamaica Ltd. – Group $150,200 $142,581
20 29 JA JMMB Group Limited $144,315 $156,624
28 30 EC St. Lucia Electricity Services Ltd. $143,323 $147,634
29 31 JA Derrimon Trading Company Limited $120,464 $122,831
32 32 TT The West Indian Tobacco Company Limited $111,054 $106,798
35 33 EC Grenada Electricity Services Limited $93,587 $88,601
31 34 JA Carreras Limited $88,956 $108,195
37 35 TT National Flour Mills Limited $84,902 $78,585
38 36 GY Republic Bank Guyana Ltd. $78,166 $65,024
NR 37 BB Banks Holdings Limited $77,837 $71,350
40 38 JA Lasco Manufacturing Limited $77,450 $74,968
39 39 JA Transjamaican Highway Limited $75,204 $65,006
33 40 TT ANSA Merchant Bank Limited (Group) $70,961 $28,446
41 41 JA Kingston Wharves Limited $62,412 $63,191
43 42 EC S. L. Horsford & Co Ltd. $60,277 $54,629
42 43 JA Barita Investments Limited $58,449 $59,692
48 44 TT National Enterprises Limited $58,336 $45,157
44 45 TT PLIPDECO Limited $53,892 $53,667
47 46 JA Proven Group Limited $49,642 $38,726
49 47 JA Fontana Limited $47,030 $42,297
45 48 TT One Caribbean Media Limited $46,765 $48,400
21 49 JA Jamaica Producers Group Limited $45,934 $193,387
51 50 EC St. Kitts Nevis Anguilla Trading & Development Company $44,594 $40,298
34 51 JA General Accident Insurance Co Ja $43,398 $36,797
50 52 EC Dominica Electricity Services $41,517 $41,567
59 53 EC East Caribbean Financial Holding Company $38,006 $29,691
57 54 GY Guyana Bank for Trade & Industry Ltd. $37,656 $32,302
58 55 GY Demerara Bank Limited – Group $37,571 $30,279
56 56 BB West India Biscuit Company Limited $36,972 $33,545
54 57 JA Radio Jamaica Limited $35,291 $36,252
63 58 EC Grenada Co-operative Bank Ltd. $34,545 $23,220
60 59 EC Republic Bank (Grenada) Limited $30,940 $25,499
52 60 TT Unilever Caribbean Limited $30,116 $37,780
62 61 EC St. Kitts-Nevis-Anguilla National Bank Ltd. $27,556 $23,418
69 62 EC Bank of St. Vincent and the Grenadines $27,266 $20,158
82 63 JA Express Catering Limited $25,591 $21,199
68 64 GY Citizens Bank Guyana Inc. $25,527 $21,796
64 65 GY Sterling Products Limited $24,544 $22,800
NR 66 JA Medical Disposables & Supplies Ltd. $23,840 $25,137
66 67 JA FosRich Company Limited $23,758 $22,492
70 68 JA Honey Bun (1982) Limited $21,934 $19,693
67 69 JA Berger Paints Jamaica Limited $21,591 $21,977
71 70 JA Everything Fresh Limited $20,385 $17,597
78 71 BB Cave Shepherd & Company Limited $18,451 $15,536
72 72 JA Tropical Battery Company Limited $17,481 $17,506
79 73 JA Dolphin Cove Limited $17,114 $15,114
83 74 JA Caribbean Cream Limited $16,987 $16,712
81 75 JA Key Insurnace Company Limited $16,088 $14,334
73 76 TT Guardian Media Limited $14,609 $17,373
74 77 JA Lasco Financial Services Limited $14,128 $15,557
84 78 JA Access Financial Services Ltd. Group $14,001 $12,764
46 79 JA Mayberry Group Limited $13,846 $14,961
80 80 JA Wigton Windfarm Limited $13,222 $14,793
86 81 TT Endeavour Holdings Limited $13,122 $12,482
75 82 JA Jamaican Teas Limited $12,583 $12,376
85 83 JA Stationery & Office Supplies Limited $12,437 $11,657
90 84 JA Main Event Entertainment Group Ltd $12,352 $10,329
76 85 JA Victoria Mutual Investments Limited – Group $12,099 $15,583
88 86 JA Mailpac Group Limited $10,761 $11,246
91 87 JA Sygnus Credit Investments Limited – Group $10,577 $9,919
87 88 JA Paramount Trading (Jamaica) Limited $10,386 $16,430
98 89 JA Knutsford Express Limited $10,244 $7,348
89 90 JA Lumber Depot Limited $9,780 $10,155
111 91 JA Palace Amusement Company (1921) Limited $9,766 $4,328
93 92 JA Consolidated Bakeries Jamaica Limited $9,739 $9,111
95 93 JA Salada Foods Jamaica Limited $9,004 $8,912
96 94 JA 138 Student Living Jamaica Limited $8,333 $7,908
106 95 JA Image Plus Consultants Limited $7,684 $7,294
108 96 JA Dolla Financial Services Limited $7,532 $4,933
94 97 JA The Limners and Bards Limited $7,229 $8,967
103 98 JA Indies Pharma Jamaica Limited $6,783 $6,250
101 99 JA Spur Tree Spices Jamaica Limited $6,741 $6,047
102 100 JA AMG Packaging & Paper Company $6,505 $6,640
101 JA Pulse Investments Limited $6,099 $6,205
102 JA Jamaica Stock Exchange Limited $5,980 $7,566
103 JA Regency Petroleum Co. Limited $5,969 $4,542
104 JA Caribbean Flavours & Fragrances Ltd $5,790 $5,149
105 JA Blue Power Group Limited $5,441 $5,810
106 JA CAC 2000 Limited $5,290 $7,407
107 JA Elite Diagnostic Limited $4,855 $4,162
108 JA JETCON Corporation Limited $4,322 $7
109 TT Trinidad and Tobago NGL Limited $4,129 $24,820
110 JA Kingston Properties Limited – Group $3,984 $3,481
111 JA Stanley Motta Limited $3,390 $3,330
112 JA ISP Financial Services Limited $3,337 $2,884
113 JA Cargo Handlers Limited $3,309 $3,150
114 JA Caribbean Assurance Brokers Limited $3,226 $3,129
115 JA Ttech Limited $2,979 $2,495
116 JA Eppley Limited $2,743 $2,923
117 JA JFP Limited $2,643 $3,177
118 TT CinemaONE Limited $2,503 $1,433
119 JA MPC Caribbean Clean Energy Limited $1,818 -$1,998
120 JA GWEST Corporation Limited $1,781 $1,317
121 JA One On One Educatinal Services Limited $1,713 $1,780
122 JA Sygnus Real Estate Finance Limited – Group $1,700 $4,425
123 JA Icreate Limited $1,030 $531
124 JA Sterling Investments Limited $860 $830

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Businessuite 2024  Top 50 Jamaica  Junior Market Companies by US$ Profit after Tax

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February 1, 2025

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Businessuite 2024  Top 50 Jamaica  Junior Market Companies by US$ Profit after Tax
JA JA US$000
2023 2024 Company 2024/2023
16 1 JA Fontana Limited $4,211
6 2 JA Dolphin Cove Limited $3,058
27 3 JA Dolla Financial Services Limited $2,694
3 4 JA Future Energy Source Company Limited $2,640
9 5 JA Access Financial Services Ltd. $2,186
8 6 JA Cargo Handlers Limited $2,074
28 7 JA Knutsford Express Limited $1,924
2 8 JA Stationery & Office Supplies Limited $1,786
20 9 JA Mailpac Group Limited $1,672
21 10 JA Jamaican Teas Limited $1,558
10 11 JA FosRich Company Limited $1,512
19 12 JA Honey Bun (1982) Limited $1,492
29 13 JA Express Catering Limited $1,408
14 14 JA Indies Pharma Jamaica Limited $1,369
30 15 JA Image Plus Consultants Limited $1,362
26 16 JA Main Event Entertainment Group Ltd $1,333
11 17 JA Derrimon Trading Company Limited $1,170
7 18 JA Blue Power Group Limited $1,114
5 19 JA Lasco Financial Services Limited $1,041
12 20 JA Lumber Depot Limited $918
31 21 JA Caribbean Flavours & Fragrances Ltd $854
4 22 JA Tropical Battery Company Limited $838
25 23 JA Caribbean Assurance Brokers Limited $793
35 24 JA Everything Fresh Limited $645
13 25 JA Spur Tree Spices Jamaica Limited $623
24 26 JA AMG Packaging & Paper Company $575

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