Payment For Court Judgment And Settlement Against The Company Was A “Hit” To Bottom Line And Fall Of In Cash Resources – Marston
Steven Marston Chairman and CEO of CAC 2000 is describing the payment of US$372,100 and JA$7,646,034 for X-ray damages as part of a recent court judgment and settlement against the company as a “hit” to his bottom line and fall of in cash resources.
Addressing shareholders in his report for the 3 months ending January 21 2017 Marston indicated that profits before taxation was JA$24M slightly lower than the JA$26.7 reported for 2015 nothing that swings is gross margins and net profits are typical for the construction companies and should not be a cause of concern. BM
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