Angostura Holdings reporting a sold first quarter with EPS of .08 cents – Balgobin
Angostura Holdings Limited is reporting for the three months ending March 2017 a sold first quarter, with profit after tax of TT$16.1M marginally ahead of the $15.9 for 2016.
Revenue of $112.1M was ahead of 2016 representing a 10.4% growth and gross profit was $70.1M compared to $59.4M in 2016, an increase of $10.7M or 18%. Results from continuing operations improved by $5.2M against the prior year, to close at $23.2M for the period.
Dr. Rolph Balgobin chairman of the company in his accompany statement indicated that, “This strong performance has resulted in EPS of .08 cents for the period in line with the prior year. Efforts to streamline the commodity rum business have been successful to date, as higher returns were earned despite reduced revenue for the segment. The group continues to maintain a strong asset base and healthy cash flows, as all business processes are being aligned to optimize performance and enable faster growth”