Portland JSX Limited (PJX) reports a 241% increase in Net Profit.

Portland JSX Limited (PJX) reports a 241% increase in Net Profit.

(All figures in US Dollars unless otherwise stated.

Portland JSX Limited (PJX) for the three months ended May 31, 2017, reported a net gain on financial assets classified as at fair value through profit or loss for the 2017 first quarter closing the quarter at $223,364, compared to $67,528.

Interest Income from loans increased by 78.02% from $58,942 to $104,927 and the Company also recorded $98 in Other Income. Administrative and General Expenses increased significantly year on year, to $195,413 (2016/2017: $87,539), an increase of 123%.

Consequently, once all items are considered, Profit for the Period being Total Comprehensive Income increased by $93,739 or 241% to $132,670. Earnings per share for the period in review totaled $0.000428 (J$ 0.06) relative to a Earnings per share of $0.000126 (J$ 0.02) year over year. 


 Balance Sheet Highlights:

As at May 31, 2017, the Company reported total assets of $23.92 million, a 72% increase when compared to $13.87 million in the prior year. Shareholders’ Equity as at May 31, 2017 was $25.68 million (2016: $14.10 million) and resulted in a book value per share of $0.08 (J$ 10.03) compared to $0.04 (J$ 5.59) the prior year.


Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.