Financial company Scotia Group Jamaica saw another quarter of improved financial results.

Post tax earnings for the three months amounted to $4 billion compared with $2.8 billion for the same period last year.

 

Scotia's President and CEO Audrey Tugwell Henry says the results positively impacted the group's nine-month profit.

 

Its net profit was $8.4 billion for the nine months ended July. 

 

Mrs Tugwell Henry said this represents a 15 per cent year-over-year increase in the company's net profit and a 55.1 per cent increase over the second quarter. 

 

Scotia's income also improved, amounting to $11.5 billion.

 

For the same period last year, the company made $9.6 billion.

 

The improved performance was driven by higher transaction volumes and an increase in the company's loan and mortgage book.