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Board of Directors
Mr. Terrence Bharath (Chairman)
Mr. Anthony Hosang
Mr. Ulric Miller
Ms. Ingrid Lashley
Jennifer Frederick FCCA CA BSc
Chief Financial Officer:
Registrar & Transfer Office:
Trinidad and Tobago Central Depository Limited
10th floor, Nicholas Towers,
63-65 Independence Square: Port of Spain, Trinidad & Tobago
Auditors for period ending December 31, 2013:
69-71 Edward Street
Po Box 1328 Port–of-Spain, Trinidad & Tobago
Ansa Merchant Bank Limited
Ansa Centre, 11 Maraval Road, Port-of-Spain, Trinidad & Tobago
Citibank (Trinidad and Tobago) Limited
12 Queen’s Park East, Port-of-Spain, Trinidad & Tobago
First Citizens Bank Limited
Corporate Banking Unit, 2nd floor, Corporate Centre
9 Queen’s Park East, Port-of-Spain, Trinidad & Tobago
RBC Royal Bank (Trinidad and Tobago) Limited
St. Clair Place, Port-of-Spain, Trinidad & Tobago
Republic Bank Limited
Promenade Centre, 72 Independence Square, Port-of-Spain, Trinidad & Tobago
J.D. Sellier & Company 129-131 Abercromby Street, Port-of-Spain, Trinidad & Tobago
Revenue for the nine-month period ended September 30, 2018 closed at $396.9m, an increase of 5% over the corresponding period in the prior year. Profit after tax of $72.3m was $1.7m or 2.3% below the comparative period 2017. This resulted in earnings per share (EPS) of $0.35, $0.01 lower than prior year EPS to date of $0.36.
The branded business sales increased by $28.3m to $380m at the end of the third quarter, an increase of 8% compared to prior year, offsetting a weak but improving bulk alcohol export segment performance. The improving performance of the domestic business is expected to result in a stronger fourth quarter.
Notwithstanding that our revenue improved in all areas, the decline in profitability over last year was largely due to investment in marketing efforts for the expansion of our overseas business which will redound to future earnings and return to our shareholders. The company is now well placed to take advantage of new opportunities.
The Group continues to maintain a robust balance sheet with strong working capital, healthy cash balances and well managed receivables.
Mr. Terrence Bharath
November 1st 2018
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