Performance Overview

The Angostura Group of Companies continues working for you, its shareholders. Our performance reflects positive results, with an accomplished revenue of 260.4 million dollars at this half yearly period. Revenue is up from 240.8 million dollars, the comparable period for last year, an increase of 8%. Our growth in revenue stemmed from an increase in the sales of Bitters in the International markets as well as increased Domestic rum sales. All of our branded business segments experienced growth over the same prior year period as well.

Operational improvements and efficient management of selling and administrative costs resulted in an 11% growth in income available for our operations. The Group’s profit before tax for the half yearly period increased by 13% from 61 million dollars in the prior year to 69.1 million dollars in this half yearly period.

Our performance to date affirms our drive and focus, the good work of our employees and the success of many strategic initiatives. We remain committed to pushing the bar so that we may continue to achieve sustainable growth for the rest of the year 2018.

Having regard to the Group’s performance for the six-month period ending June 30, 2018, the Board has approved an interim dividend payment of $0.09 to shareholders on record as at 3rd August, 2018, to be paid on 15th August, 2018.

Mr. Terrence Bharath
Chairman
July 17, 2018