Kingston Properties Sees Decline In Q3 Profit
Real estate investment company Kingston Properties raked in less profit in its third quarter ended September. Profit for the three months amounted to US$363,000. This is US$57,000 less than the same period last year, when the company made US$421,000. Total earnings for the quarter, however, improved by US$94,000, amounting to US$858,000. For the same period last year, the company made US$763,000. The real estate investment firm says its increased earnings were mainly due to an uptick in rental charges at some of its properties, as well as higher occupancy levels at its properties in Jamaica.
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