Angostura Holdings Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
August 15, 2017 at 04:04 pm EDT
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Angostura Holdings Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue of TTD 128,793,000 compared to TTD 177,477,000 for the same period a year ago. Results from operating activities were TTD 36,568,000 compared to TTD 62,043,000 for the same period a year ago. Results from continuing operations were TTD 36,885,000 compared to TTD 61,954,000 for the same period a year ago. Group profit before tax was TTD 37,595,000 compared to TTD 50,587,000 for the same period a year ago. Profit for the period attributable to owners of the company was TTD 26,805,000 or TTD 0.13 per basic and diluted share compared to TTD 37,265,000 or TTD 0.18 per basic and diluted share for the same period a year ago.
For the six months, the company reported revenue of TTD 240,886,000 compared to TTD 278,941,000 for the same period a year ago. Results from operating activities were TTD 59,417,000 compared to TTD 80,128,000 for the same period a year ago. Results from continuing operations were TTD 60,132,000 compared to TTD 79,949,000 for the same period a year ago. Group profit before tax was TTD 61,005,000 compared to TTD 72,643,000 for the same period a year ago. Profit for the period attributable to owners of the company was TTD 42,904,000 or TTD 0.21 per basic and diluted share compared to TTD 53,209,000 or TTD 0.26 per basic and diluted share for the same period a year ago. Net cash flows from operating activities were TTD 70,778,000 compared to TTD 58,339,000 for the same period a year ago.
Angostura Holdings Limited is a holding company. The Company's subsidiaries are engaged in the manufacture and sale of rum, Angostura aromatic bitters and other spirits, and the bottling of alcoholic and other beverages on a contract basis. The Company's Rum segment manufactures and sells consumer alcohol products. Its Bitters segment manufactures and sells Angostura aromatic bitters. Its LLB sells and distributes Angostura Lemon, Lime and Bitters. Its Bulk segment manufactures and sells bulk concentrate products such as current distillate (CD), blends, and bulk bitters. Its Other segment consists of both locally manufactured and imported products for sale such as Wines, liquors and other branded Spirits. It offers drinks, such as Angostura 1824, Angostura 1787, Angostura 1919, Angostura 7-year-Old rum, Angostura 5year Old rum, Angostura Reserva, Angostura Single Barrel and Tamboo, White Oak, and its array of flavors include sorrel, coconut, watermelon, pink grapefruit, and pineapple.
ANGOSTURA HOLDINGS LIMITED 
