The Bank of Nova Scotia Jamaica Ltd. (BNS) – Strong Third Q. Results

BNS and its subsidiaries recorded a strong third quarter performance, showing unaudited net profit after tax of $398 million. This takes the net profit for the nine months ended July 31, 1997 to $1.2 million compared with $1.1 million for the same period last year. This quarter’s profits was $21 million above the previous quarter.

Mr. William Clarke, Managing Director, reported that all members of the Group are having success in their areas of business and as a result the subsidiaries contribution to group profit continues to grow.

Cash Resources increased by $7.3 billion to $16.8 billion.