Scotia Group reports improved financials

Scotia Group reports improved financials

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.
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