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PAN Jamaica Sells Non-Core Assets for Growth | Jamaica News
Description
PAN Jamaica Group is selling $5-6 billion in non-core assets—stocks, overseas investments, and outside business stakes—to fuel aggressive growth in its core operations. Despite a 6% revenue rise, profits before tax plummeted by half due to underperforming investments, rising costs, and hurricane damage. CEO Jeffrey Hall says timing depends on market recovery, with no specific assets named yet. Financial Services took the biggest hit, while Property and Infrastructure remained strong. The company ends June with healthy cash reserves and manageable debt, actively expanding logistics and property connections as it reshapes for future growth.
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