Aug 2016 Financial News

$337.1m before tax profit for Witco

Aug 02, 2016

For the six months ended June 30, West Indian Tobacco (Witco) earned profit before tax of $337.1 million.

Chairman Anthony Phillip said this was an increase of 3.1 per cent over the corresponding period in 2015. The company’s profit after tax for the period was $249.7 million, reflecting an increase of 3.5 per cent over 2015, according to unaudited interim results posted to the T&T Stock Exchange. The board of Witco has approved payment of a second interim dividend of $1.26 per ordinary share on August 29.

Source:
Trinidad Guardian, A16
Monday August 1, 2016