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ANSA McAL Earns $454m Second Quarter Profit

 

On Tuesday 14th August 2018, ANSA McAL Group of Companies released its unaudited results for the six months ended June 30, at TATIL Building, Port of Spain declaring that profit before tax increased to $454 million from $432 million and revenues were up five per cent to $3,057 million from $2,899 million. The earnings of $1.61 per share is an improvement of seven per cent.

The ANSA McAL Board approved an interim dividend of $0.30 per share which will be paid on November 8, 2018.

ANSA McAL Executive Chairman, Mr A. Norman Sabga announced a series of acquisitions that the Group was working on stating, “Right now we are doing due diligence for four acquisitions. One in Costa Rica, one in Barbados, two in Trinidad and Tobago, so our pipeline in acquisitions is very rich”. He provided some context towards the pending acquisitions asserting that overall, that the Trinidad and Tobago market was by far the largest market, “That is part and parcel of our strategy to invest in other economies going forward”.

The Executive Chairman concluded, “Our strategies of growth, while containing expenses, have proven to be the right approach across the region and at home.”

 

Corporate Communications Department
ANSA McAL Group of Companies
Thursday 16th August, 2018
868-223-2672