Angostura __________

ARE YOU ABOVE THE LEGAL DRINKING AGE. IN YOUR COUNTRY OF RESIDENCE?

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INVESTOR RELATIONS

Corporate Information

Board of Directors

Mr. Terrence Bharath (Chairman)
Mr. Anthony Hosang
Mr. Ulric Miller
Ms. Ingrid Lashley

CEO:

Genevieve Jodhan

Company Secretary:

Jennifer Frederick FCCA CA BSc

Chief Financial Officer:

Ginelle Lambie

 

Registered Office:

Corner Eastern Main Road & Trinity Avenue, Laventille, Trinidad & Tobago
E-mail: corphq@angostura.com
Website: www.angostura.com

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:

KPMG
TRINRE Building
69-71 Edward Street
Po Box 1328 Port–of-Spain, Trinidad & Tobago

Bankers:

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

Attorneys-at-law

J.D. Sellier & Company 129-131 Abercromby Street, Port-of-Spain, Trinidad & Tobago

Financial Results

Performance Overview

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
Chairman
November 1st 2018