Supreme Ventures Limited Announces Unaudited Group Earnings Results for the First Quarter Ended March 31, 2017
Supreme Ventures Limited announced unaudited group earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of JMD 13,389,057,000 against JMD 11,182,723,000 a year ago. Profit from operations was JMD 548,517,000 against JMD 393,531,000 a year ago. Profit before taxation was JMD 556,616,000 against JMD 414,942,000 a year ago. Profit for the period was JMD 415,903,000 or 15.77 cents against JMD 275,342,000 or 10.44 cents a year ago. Cash provided by operating activities was JMD 600,046,000 against JMD 49,231,000 a year ago. Acquisition of property and equipment was JMD 286,813,000 against JMD 32,511,000 a year ago. Acquisition of intangible assets was JMD 1,072,000 against JMD 2,956,000 a year ago.