RJR Communications Group

The RJR Communications Group is reporting a $41.6 million profit for the financial year ended March 31.  RJR Group's financial results were published by the Jamaica Stock Exchange (JSE) on Tuesday. They show the company closed its financial year at a profit position compared to a $32 million loss at the end of the corresponding period in 2007.

During the 12 months the RJR Group earned $1.52 billion in revenue up from $1.44 billion in the previous year.

According to the company's profit and loss, there was a marginal increase in direct expenses which amounted to $580 million during the period.
Despite this The RJR Group was able to realize gross profit of $939 million dollars up from $875 million last year.Deputy Managing Director Gary Allen in commenting on the results said “the media business remains a marginal business due to the high cost levels that affect the industry.

The run-away oil prices, cost of transportation and electricity are all areas that we monitor closely and make adjustments to try and compensate for their effects", said Allen.The Deputy Managing Director believes the company’s performance shows the continued support from our stakeholders, including staff, freelancers, clients and service providers.

The RJR Communications Group is a diversified media company operating a television station, three radio stations, three cable television stations and a multimedia company providing web design and development, graphic design services and interactive solutions for the group’s radio, television and cable channel outputs as well as external clients.