Quarterly Financial Report

QWI Investments Limited

REPORT FOR THE FOURTH QUARTER ENDED December  2023

QWI Investments (QWI) began the fiscal year ending December 2023 well with first quarter profit before tax of $22.8 million versus a loss before tax of $91 million in the year ago quarter. 

The quarter represented a continuation of the Company’s performance in the year ended September 2023, which was characterised by a reduced pace of decline in the local stock market but strong performance in our overseas portfolios. 

QWI Investments Limited

Report for the First Quarter Ending December 2022

For the first quarter to December 2022, QWI operated in an investment environment that was not investor friendly. This resulted in a moderate loss of $65 million.

This loss arose in the Jamaican market and was partially offset by gains in the US market. One of the features in the local market was initial public issues of shares that resulted in investors selling off existing shares to participate in the IPOs.

QWI Investments Limited

Report for the Second Quarter Ending March 2022

QWI Investments generated profitable results during the March quarter and the half year, from growth in investments in the Jamaican, Trinidad and Tobago and USA markets. The increased revenues in our first quarter was not maintained at the same pace in the second, partly due to the effect of the war in Ukraine and turbulence in the USA market.

Reports