Angostura Holdings Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 09, 2018 at 02:04 pm EST
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Angostura Holdings Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenue of $136,543,000 compared to $138,498,000 for the same period a year ago. Results from operating activities was $33,462,000 compared to $46,259,000 for the same period a year ago. Results from continuing operations was $34,712,000 compared to $46,511,000 for the same period a year ago. Group profit before tax was $33,762,000 compared to $45,384,000 for the same period a year ago. Profit for the period attributable to Owners of the Company was $24,143,000 compared to $31,174,000 for the same period a year ago. Basic earnings per share was $0.12 compared to $0.15 for the same period a year ago.
For the nine months, the company reported revenue of $396,963,000 compared to $379,384,000 for the same period a year ago. Results from operating activities was $102,539,000 compared to $106,643,000 for the same period a year ago. Results from continuing operations was $102,539,000 compared to $106,643,000 for the same period a year ago. Group profit before tax was $102,897,000 compared to $106,389,000 for the same period a year ago. Profit for the period attributable to Owners of the Company was $72,352,000 compared to $74,078,000 for the same period a year ago. Basic earnings per share was $0.35 compared to $0.36 for the same period a year ago. Net cash flows from operating activities was $81,923,000 compared to $91,666,000 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.