May 2017 Financial News

GHL incomes up 50%

May 10, 2017

Guardian Holdings Ltd after-tax profit jumped by 50 per cent in the first quarter of 2017, totaling $93.6 million compared with $61.9 million for the same period in 2016.

In the chairman’s report, GHL deputy chairman Peter Ganteaume said: “Across the region our businesses, including our recently acquired Dutch Caribbean brokerage sub group, demonstrated resilience in the face of adverse economic and market conditions.

“Notably, our investment performance was excellent with income of $279 million for the period compared to $232 million last year, an increase of $47 million owing substantially to favourable fair value movements.

Source:
Trinidad Guardian
Wednesday May 10, 2017

http://www.guardian.co.tt/business/2017-05-09/ansa-merchant-profits-jump-144