Aug 2016 Financial News

Little EU impact on Angostura

Aug 17, 2016

RECENT developments in the European Union (EU) have not had a significant impact on the Angostura Group to date. Group Chairman Rolph Balgobin made the disclosure in the summary of the consolidated financial statements for the group for the sixmonth period ended June 30.

In those statements, Balgobin said the Angostura Group performed well in the second quarter, recording revenue of $177.5 million compared to $159.1 million last year.

He indicated that while year-to-date revenue is short of the prior year by $2.4 million, results from continuing operations have surpassed 2015 levels by $4.9 million, due largely to savings.

He said the Group continues to monitor developments in the EU and in other major export markets such as France for potential impact to trade.

Source:
Newsday
Wednesday August 17, 2016

http://www.newsday.co.tt/business/0,232024.html