July 11, 2014 2:39 PM ET

Hotels, Restaurants and Leisure

Company Overview of Supreme Ventures Limited

Company Overview

Supreme Ventures Limited, together with its subsidiaries, engages in lottery and gaming operations in Jamaica. It offers video lottery terminal games at gaming lounges; operates international sports betting events through the agent’s network; sells mobile phone pin codes through the agents’ network; and provides remittance services. The company has strategic partnerships with GTECH Corporation; INTRALOT S.A.; and Global Draw. Supreme Ventures Limited was founded in 1995 and is based in Kingston, Jamaica.

R Danny Williams Building

4th Floor

28-48 Barbados Avenue

Kingston,  5

Jamaica

Founded in 1995

Phone:

876-754-6526

Fax:

876-754-2143

Key Executives for Supreme Ventures Limited

Supreme Ventures Limited does not have any Key Executives recorded.

Supreme Ventures Limited Key Developments

Supreme Ventures Limited Reports Unaudited Group Earnings Results for the Three Months Ended March 31, 2014

Supreme Ventures Limited reported unaudited group earnings results for the three months ended March 31, 2014. For the quarter, the company's revenue was JMD 10,273,972,000 compared to JMD 7,407,838,000 a year ago. The group's increase in total revenues for the three-month financial period was due mainly to increases in the lottery games. Profit from operations was JMD 461,108,000 compared to JMD 356,889,000 a year ago. Profit before taxation was JMD 473,478,000 compared to JMD 385,168,000 a year ago. Profit for the period/year, being total comprehensive income was JMD 338,085,000 compared to JMD 303,061,000 a year ago. The increase in net profit after tax was directly attributable to a steady growth in lottery revenues for the more popular games and the game liabilities performing within their design. Basic and diluted earnings per stock unit was 12.82 cents compared to 11.49 cents a year ago. Cash provided by operating activities was JMD 141,283,000 compared to JMD 203,774,000 a year ago. Acquisition of property and equipment was JMD 16,002,000 compared to JMD 105,339,000 a year ago.

Supreme Ventures Limited Declares Dividend Payable on May 29, 2014

The Board of Directors of Supreme Ventures Limited has declared a dividend of $0.09 per share payable on May 29, 2014 to shareholders on record as at May 19, 2014. The ex-dividend date is May 15, 2014.

Supreme Ventures Limited, Board Meeting, May 05, 2014

Supreme Ventures Limited, Board Meeting, May 05, 2014. Agenda: To consider the payment of an interim dividend.

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