Peart

Mayberry Investment Limited has reported a significant improvement in its unaudited financial results for the nine-month period ended September 2008, amassing net profit totalling $766 million, more than four times what the company generated for the same period last year.

The 309 per cent increase in net profit boosted the company's earnings per share by 48¢ to $0.64.

The investment house doubled its operating income to $1.2 billion when compared to $560 million recorded in the previous period.

"Our total operating income is well diversified and has grown in most areas," said the company in a statement accompanying its earnings report.

Trading on investment and fees and commissions were the biggest earners recording $719 million and $131 million respectively, compared to the approximately $51 million and $56 million generated in the prior year.

"During the period we have conducted more equity trading and have build our CIF portfolio which continues to grow and increase fee income," said Mayberry Chief Executive Gary Peart.