Angostura __________

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INVESTOR RELATIONS

Corporate Information

Board of Directors:

Mr. Terrence Bharath (Chairman)
Ms. Renee Johncilla
Mrs. Michal Andrews
Mr. Ulric Miller
Ms. Ingrid Lashley

Acting CEO:

Mr. Ian Forbes

Company Secretary:

Kathryna Baptiste Assee  LLB (Hons); LEC; EMBA

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

The Board of Directors of Angostura Holdings Limited is pleased to report an increase in profit after tax of $18.8 million or 16.9% for the fiscal year ended December 31, 2018 over the comparative period last year. Profit after tax for the fiscal year was $129.9M (2017: TT$111.1M) with Comprehensive Income for the period of $131.6M compared to $105.2M in the prior year.

A change in accounting treatment to reflect gross revenues including excise taxes resulted in an increase in revenues by 5.2% from $745m for the year ended December 31, 2017 (after restatement) to $783. 7m for the year ended December 31, 2018. This resulted in an increase in gross profit of $24.SM or 6. 7% over the previous year.

The Group’s performance demonstrates the rewards of the strategic decision to continue to provide the local market with the highest quality products while expanding the sale of profitable branded products through brand building internationally. This focus on the advancement of our brands in key international markets has contributed to improved profitability.

Despite increased operating expenses which were related primarily to increased marketing costs, results from operating activities grew by $15.2m or 9.6% in fiscal 2018. Additionally, the increase in Results from continuing operations of $18.6m or 11.6% in 2018 was due to finance income generated from more efficient cash management.

The Board of Directors is pleased to recommended a final dividend in respect of the year ended December 31, 2018 of $0.15 per share with a record date of July 12, 2019 and payment date of July 26, 2019. Together with the interim dividend of $0.09 per share paid on September 15, 2018, the total dividend in respect of 2018 will be $0.24 per share (2017: $0.21 per share), based on earnings per share of $0.63 (2017: $0.54 per share).

Mr. Terrence Bharath
Chairman