Pan-Jam builds acquisition strategy around forex earners - Business - Jamaica Gleaner - Friday | June 1, 2012

Pan-Jam builds acquisition strategy around forex earners - Business - Jamaica Gleaner - Friday | June 1, 2012: "Pan-Jamaica Investment Trust wants to earn one-quarter of its profit in foreign currency within five years, a goal that has guided its recent and planned investment picks.

It will be a steep climb for the real estate conglomerate, whose holdings currently generate just two per cent of earnings in foreign exchange for the group, excluding the last two acquisitions.

Pan-Jam told it shareholders that the company would continue seeking out investments and joint ventures based on the health of its balance sheet, which is valued at J$15.9 billion in total assets."

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