Thursday, November 23, 2017

Angostura profits tumble 21 per cent*


Angostura Holdings Ltd yesterday reported a 21 per cent decline in its after-tax profit for the nine-month period ending September 30, 2017.  The rum and bitters producer, which is headquartered in Laventille, saw its profits for the nine months in 2017 decline to $74 million from $94 million for the same period in 2016. Angostura also experienced a double-digit decline in its revenue, which fell by 17 per cent to $379.4 million for the period January to September this year, from $458.2 million for the same period in 2016.

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