Jamaica Producers sees 144 per cent profit uptick in Q1 2025, plans divestment of non-core assets

 



For the first quarter ended March 31, 2025,  Jamaica Producers Group Limited (JPG)  earned consolidated net profit attributable to shareholders of $585 million.

 The result represents a 144 profit increase on the comparable profit earned in the first quarter of 2024. As of the end of the first quarter, JP maintained shareholders’ equity of $38 billion.

The results include the associated company income of the Pan Jamaica Group (PJG) in which JPG holds a 34.6 per cent interest. PJG – a multinational conglomerate – holds and operates a range of business interests in four strategic segments: Property and Infrastructure, Financial Services, Specialty Foods, and Global Services (principally logistics operations).

 Management states, “PJG has  businesses within each segment. PJG focus is on enhancing shareholder returns through strategic growth within its major lines of business while positioning for future development and expansion through acquisition.

“The strategy also contemplates the divestment of non-core investment assets. We are optimistic that PJG will – in line with its stated strategy, resources and operating expertise -- deliver positive long term returns for JPG.”

 JPG is the single largest shareholder of PJG and has representatives on its board of directors. In addition to its interest in PJG, JPG holds a treasury portfolio as well as land and property assets.

The treasury portfolio primarily comprise US-dollar and Jamaican-dollar denominated fixed income securities and is performing well. The property assets primarily include farmland and commercial properties that are currently under lease.

Management noted, “ JPG will seek to optimize the value of these property assets over time by developing them further and by diversifying the tenant base.”

Caribbean Money Daily

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