Restructuring delivers results for Caribbean Producers

//, News//Restructuring delivers results for Caribbean Producers

Although nine-month earnings were down some four cents on the year before — moving from US$0.21 per share to US$0.17, directors of Caribbean Producers Jamaica Ltd (CPJ) indicate that the company is now reaping the results of a restructuring programme which began in the first quarter and will continue beyond the current fiscal year.In the third quarter ended March 31, 2017, profit attributable to shareholders increased by 57 per cent from US$0.59 million to US$0.93 million.

The company recorded growth of 7.9 per cent in gross operating revenue for the quarter, from US$24.38 million to US$26.30 million, based on both onshore and offshore operations.

CPJ, a logistics and supplies source for tourism operators in Jamaica and the Eastern Caribbean, supplies more than 3,000 items to clients across the region.

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Jamaica Observer
Avia Collinder

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