Facebook

Download our Free App

Sumfest banner

Subscribe now

captcha 

JPS MADE 2.9 BILLION IN PROFITS @one876 @bounce876 Featured

Entertainment News Written by  AKA Saturday, 07 February 2015 11:17 font size decrease font size increase font size 0
Rate this item
(0 votes)
The Jamaica Public Service Company made US$25.5 million in profits in 2014.


The announcement was made during a media briefing held at the company's New Kingston offices yesterday.

The JPS CEO said the US$25.5 million, or nearly J$2.9 billion, represents a return on equity of six per cent. The JPS is allowed a return on equity of 16 per cent, or some US$68 million, under its licence.

Tomblin said the profits made in 2014 represent 2.2 per cent of revenue, adding that fuel and IPP costs represent 75 per cent of revenues.
Read 948 times

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Search

Old Dancehall News

February 14 2015 0

Man charged with chopping woman in the face @one876

A man charged with chopping a woman in the shoulder and face appeared appeared before Resident Magistrate Horace Mitchell in the Spanish Town RM Court…

Latest Comments