Mar 2016 Financial News

$163.7m profit for Angostura

Mar 27, 2016

Angostura Holdings Ltd is reporting profit after tax of $163.7 million for the year ended December 31, 2015—a 6.71 per cent increase compared to the previous year.

In its audited summary consolidated financial statements, the company said it maintained profitability despite increasing global economic pressures.

The holding company has subsidiaries engaged in the manufacture and sale of rum, Angostura aromatic bitters and other spirits and the bottling of beverage alcohol and other beverages on a contract basis.

It’s ultimate parent entity is CL Financial Ltd.

Chairman Maurice Suite, in a report accompanying the financial statements, said the company’s “recognized capital investment for 2015 totalling $53 million was applied towards optimizing operational efficiency and competitiveness in the global market place while addressing our social and environmental responsibility in our plant upgrades.”

Source:
Trinidad Guardian, A15
Saturday March 26, 2016