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Facey on higher profit drive

Chukka-Cove

REAL estate conglomerate Pan-Jamaican Investment Trust Limited (Pan Jam) made $543.7 million net profit for its first-quarter ending March 2015 or 36 per cent higher year-on-year due to the performance of its associated companies led by Sagicor Life Jamaica.

Also during the quarter a large unnamed tenant terminated its lease early resulting in a lump-sum payment to Pan Jam.

Published in the Observer
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