From L-R-Yoneke Parsons (Special Projects Coordinator), Andrew Jackson (CEO) of Jetcon Corporation Ltd. Her Excellency the Most Honourable Lady Allen, Trevor Reid (Estate Driver), Hugh Anthony Porter (General Manager), Derrick Simon (Estate Manager) of Hope Gardens.

Her Excellency the Most Honourable Lady Allen was the recipient of the key to a 2013 Nissan AD Wagon, to assist with expansion efforts at the Hope (Royal Botanical) Gardens, at a ceremonial handover, on May 8, 2019 on the grounds of Kings House Jamaica.

With an annual attendance of local and overseas visitors, in excess of 1.5 million and the gardens being the largest public green space in the Kingston metropolitan region, Her Excellency expressed optimism of the impact such a contribution will have on its continued development.

‘We are committed to sustainable growth and look forward [...]

Jetcon Reports 143% Increase In Six Months Net Profit

Article by: Mayberry Investments Ltd.

Jetcon Corporation Limited (JETCON)

For the six months ended June 30, 2017:

Revenue for the six months increased 62% to total $548.23 million, up $209.79 million from the $338.44 million recorded in the prior year. For the quarter the company saw a 52% increase in revenue totalling $291.92 million compared to (2016: $192.41 million)

Costs of Sales amounted to $438.75 million, an increase of 56% compared to $280.86 million booked in the corresponding period for 2016. As such, Gross Profit moved from $57.58 million to $109.48 million, an improvement of approximately 90% year over year.

Total Expenses for the six month increased 44% year over year to $29.39 million, relative to $20.41 million. Of this, Selling & Marketing Expenses rose by 84% to $11.24 million relative to $6.12 million reported the prior year. Administrative and Other Expenses increased [...]

Jetcon Corporation Limited (JETCON) held its first Annual General Meeting on June 14, 2017, and reported that the following business was transacted:

1. “To receive, consider and if thought fit approve the Audited Financial Statements of the Company for the year ended December 31, 2016, together with the Reports of the Directors and Auditors thereon.”  This was approved by majority vote.

2.i) “To propose an amendment to article 99 of the Company’s Articles of Incorporation regarding Retirement of Directors, which states: “At the first Annual General Meeting of the Company all Directors shall retire from office and at the Annual General Meeting in every subsequent year all of the Directors for the time being shall likewise retire from office”

Resolution: Be it resolved that article 99 of the Company’s Articles of Incorporation be amended by substituting  the words “one third of [...]

Fantastic Year for Jetcon

(Article by:

“Fantastic” was how John Jackson, Chairman of Jetcon Corporation described the company’s 2016 financial year. He assured shareholders that 2017 is expected to be even better based on results to date.

The chairman was addressing Jetcon‘s first Annual General Meeting (AGM), since being listed on the Junior Market of Jamaica Stock Exchange. The Company’s 2016 Audited Financial Statement, which was discussed and approved at the AGM, highlighted Jetcon’s the progress achieved in 2016, with the company’s performance helping to push the stock price from its initial listing of $2.25 in 2016, to $14.88 on the day of the meeting, for a gain of 570 percent. The AGM which was held at the Knutsford Court Hotel on June 14, was attended by approximately 75 of the more than 500 members of Jetcon’s shareholders and representatives from the Jamaica Stock Exchange and the media.,

“When we met in [...]

Jamaica Abounds with Opportunities

(Article by:

The successful performance of Jetcon Corporation since listing in 2016, reveals the rich opportunities that exist in Jamaica for Jamaicans to better themselves financially, chairman of the company, John Jackson said, in addressing shareholders at the company’s first Annual General Meeting, as a public company.

Jackson went on to state “ordinary Jamaicans need adequate education, need to corporate with and trust one another, share our assets in an organized manner and the sky is the limit to what can be achieved’. “Many opportunities exist for Jamaicans to profit from, however, they need to learn how to find them.” This means, with greater financial sophistication born out of knowledge, coupled with the advent and buoyancy of the Junior Market, ordinary Jamaican families can capitalize on various financial prospects that exist in the country”. The success of Jetcon and other [...]

Jetcon Stock Split Approved

(Article by: Neville Graham, Jamaica Gleaner)

Jetcon shareholders approved a three for one stock split at the company’s first general meeting as a listed company on Wednesday.

The unanimous vote clears the way for the execution of the split from 194.5 million to more than 583 million shares, set for June 26.

The Jetcon board wants to keep the stock affordable and in demand by the market. The stock is currently trading around $15, but will fall to a third of that level when the split is executed.

“My philosophy is that the stock market offers the cheapest form of promotion for any company,” said Chairman John Jackson, following the meeting on Wednesday.

“If I have to advertise in the papers or on radio, I have to pay for every ad that I get. If I list on the stock exchange, you (the media) will [...]

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