Mar 2006 Financial News

Angostura releases year end results

Mar 31, 2006

Angostura Holdings Limited reported Earnings Per Share (EPS) of $1.80 cents for the year ended December 31, 2005. This EPS was however largely made up of realized gains from the disposal of Cruzan International Inc.

Though sales grew 18.24 per cent from $1,013.758 million in 2004 to $1,198.642 million in 2005 the Company's Gross Profit Margin decreased from 39.35 per cent to 35.50 per cent. With Other Income of $372.787 million largely driven by the realized gain, the Company's Operating Profit increased 297.58 per cent from $95.183. Without Other Income however, Operating Profit would have decreased an astonishing 94.07 per cent. In addition, without this gain, profit for the year would have found its way into negative territory.

The Board of Directors have declared a final dividend of 7 cents which brings the total dividends for the year to 12 cents. This was the same amount that was paid in 2004.

WISE Research Team