Shareholders in Montego Cold Storage Limited collected $60 million in dividend payments at year end December 2015.
On December 2, 2015, the board of directors of Montego Cold Storage Limited passed a resolution for the payment of dividends amounting to $60 million to its shareholders out of retained earnings and $40 million to the company.
Shareholders are AMD Limited with 3.056 million shares; Mark Hart with 1.778 million; R. Anthony and Daphne Jones with 100,000; Peter Hart with 97,100; MVL Stock Brokers with 91,644; Creative Kitchens with, 61,818; Melita Aarons with 54,970; the estate of James A. Chin with 54,580; Dr Herbert Eldemire with 51,510; and Desmond and Lucinda Whittingham with 49,727 shares.
Montego Cold Storage Limited is no longer in its core business of selling ice and bottled water, but now depends on rental of properties and cold-storage facilities.
Profit for the group which comprises Montego Bay Ice and other properties was $12.58 million compared to $9.59 million the year before. Income earned from properties in 2015 was $23. 92 million compared to $21.23 million the year before.
Finance income including interest and foreign exchange gains was $6.15 million for the group compared to $ $7.61 million the year before.
Total administrative and other expenses were $13.57 million versus $17.15 million the year before. Earnings per stock unit was $1.30 compared to $ 0.92 the year before.
Total assets at year end were booked on the company’s balance sheet as being valued at $159 million.