2018 Financial Year Was A Year Of Strong Growth And Change For Supreme Ventures Limited.
Ann-Dawn Young-Sang President and CEO for Supreme Ventures Limited is describing their just concluded 2018 financial year, as a year of strong growth and change for the company. A year of embracing change and changing the game has resulted in a record performance in 2018 for the group of companies, showing significant growth in profits and Gross Ticket Sales.
This reflects growth of approximately 50% in Total Comprehensive Income of approximately $2.1 Billion, reflecting drive, focus and execution of core strategic initiatives, such as channel expansion into the mobile gaming arena and the kick-off of regional expansion plans she reports.
This performance she said enabled the Group to pay a record $6.9 Billion in total fees and taxes to the government, representing an increase of approximately $800 Million or over 12% higher than 2017, and $4.8 Billion or 229% greater than profits.
When compared to 2017, the Group achieved record Gross Ticket Sales of approximately $62 Billion in 2018, representing a 12.3% increase.
Focused on managing costs, by successfully implementing cost savings initiatives, whilst at the same time investing in the buildout of the Group’s infrastructure, resulted in the Group maintaining operating expense efficiency ratios at 5.64%.
The combined effect was a 50.3% increase in Total Comprehensive Income for the year, surpassing the $2 Billion mark for the first time in the history of the Group.
Total profits attributable to shareholders increased by $703 Million.
The Group paid out dividends of $0.52 per share, including a special dividend of $0.09 per share paid on June I, 2018 to shareholders on record as at March 9, 2018, and additionally in February 2019 the Directors proposed a final dividend of 17 cents per share.
Supreme Ventures Limited closed the financial year ended December 31, 2018 with earnings per share increasing to 79.57 cents up from 53.03 cents.