Barita Investments Ltd 2022 AR2
The report highlights Barita Investments Limited's performance for the fiscal year 2022, marking its 45th anniversary. Despite economic headwinds and rising interest rates, the company achieved a 10% increase in net operating revenue to J$9 billion and a net profit of J$4.2 billion. Barita maintained a robust capital adequacy ratio of 33.3%, representing J$23.2 billion in excess capital. The company successfully expanded its alternative investments, particularly in real estate and private credit, which contributed significantly to its revenue. Additionally, the Barita Foundation launched its inaugural scholarship program and supported various community development, entrepreneurship, and health initiatives.
Company: Barita Investments Ltd
Sector: Financials
Country: Jamaica
Year: 2022
Type: AR2
Pages: 254
Barita Investments Ltd
Annual Report
The report highlights Barita Investments Limited's performance for the fiscal year 2022, marking its 45th anniversary. Despite economic headwinds and rising interest rates, the company achieved a 10% increase in net operating revenue to J$9 billion and a net profit of J$4.2 billion. Barita maintained a robust capital adequacy ratio of 33.3%, representing J$23.2 billion in excess capital. The company successfully expanded its alternative investments, particularly in real estate and private credit, which contributed significantly to its revenue. Additionally, the Barita Foundation launched its inaugural scholarship program and supported various community development, entrepreneurship, and health initiatives.
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Document Details
Report Year
2022
Reporting Period
Oct 1, 2021 - Sep 30, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees