PROVEN Investments Limited posted a 24 per cent increase in its net profit.

This investment bank saw its net income rise to US$3.1 million for the nine months ended December 31, 2012, from US$2.5 million.

Consolidated net revenue increased 27 per cent to US$6.96 million, with net interest income combined with dividend income totalling US$3.5 million for the review period.

Gains from securities trading, which form a key part of its portfolio positioning strategy, rose 19 per cent to US$2.68 million as security prices rebounded across the globe.

Operating expenses increased during the period to US$3.66 million from US$2.8 million. This largely reflected a 14 per cent gain in administrative expenses to US$2.69 million, primarily due to the inclusion of Asset Management Company Limited.

Proven’s asset base increased to US$150 million from US$140 million a year earlier, while shareholder equity stood at US$35 million at the end of 2012.

Proven primarily holds tradable securities for investment purposes.

It also pursues wealth creation opportunities consistent with its overall aims and objectives which include providing ordinary shareholders with international and regional diversification, strong risk management, and above average returns.

Visit Our Offices

Kingston - Head Office
26 Belmont Road, Kgn. 5, Jamaica W.I.
Tel: +1 876 908 3800 1
Fax: +1 876 754 3802
Mandeville
Unit 5B Cobblestone Professional Centre, 1A Brumalia Road, Mandeville, Jamaica, W.I.
Tel: +1 876 625 0845 6
Fax: +1 876 625 0716
Montego Bay
Unit 11 Suite B, Fairview II Shopping Centre
Tel: +1 876 908 3800 2
Fax: +1 876 684 9804
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PROVEN Wealth Limited (PWL) is one of the Caribbean’s premier wealth management companies, managing billions of dollars of assets on behalf of our institutional and individual clients. As a wholly-owned subsidiary of PROVEN Investments Limited, the Company is built on a strong capital base and track record of success.

PROVEN Wealth Limited is licenced and regulated by the Financial Services Commission (FSC) as a Securities Dealer; by the Bank of Jamaica (BOJ) as a Cambio and holds a broker/dealer license from the Jamaica Stock Exchange (JSE).

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