DESPITE the 24 per cent drop in consolidated net profit to US$3.82 million ($579.43 million) for its 2022 financial year (FY), Sygnus Credit Investments Limited (SCI) is looking to reimagine its growth profile as it focuses on expanding its private credit offerings in the region along with scaling its Puerto Rican operations.

The Sygnus Team journeyed out to the Chukka Eco-Adventure Outpost to engage in a series of activities in friendly competition to determine the winning house.

Sygnus is a proud partner with the French Embassy and were delighted to have supported this year’s celebrations.

Having completed its US$21.22-million acquisition of Puerto Rico-based Acrecent Financial Corporation on February 28, Jamaica-based Sygnus Credit Investment (SCI) says it is on the verge of completing the integration of the entity into the Sygnus family. The date for completion is set at July 2022, four months after the acquisition and much faster than the normal one to two years these transactions normally take to finalise.

Alternative investments funder Sygnus Investments indicates that it has signed luxury hospitality operator Wischermann Partners, Inc, and design and architecture firm Leo A Daly for its Mammee Bay resort development.

On the heels of Sygnus Credit Investments Limited (SCI) acquisition of Puerto Rico-based Acrecent Financial Corporation in December 2021, the Sygnus Capital Group will not only be expanding its alternative investment platform through Puerto Rico, but will expand its investment banking capabilities to Puerto Rico as well as the wider Caribbean region.

Watch CEO Berisford Grey on CVM’s Business Live Extra – April 13, 2022.

Sygnus Real Estate Finance simultaneously released its audited financial statements for the year ended August 31, 2021 (FYE Aug 2021) and the quarterly results for the three months ended November 2021 (Q1 2022).