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West Indian Tobacco records $556.3m after tax profit
West Indian Tobacco recorded a profit before tax of $556.3 million for the year ended 31 December 2013, an increase of 16.8 per cent over the previous year. Profit after tax of $411 million, reflects an increase of 17.4 per cent over 2012, recently published financial reports show. “The management and staff of West Indian Tobacco are to be complimented for the company’s performance,” chairman Anthony E. Phillip said.
He said directors will recommend to shareholders for approval, a final dividend of $1.61 per share at the annual meeting on April 4. “This, when added to the interim dividends of $2.93, will result in a total dividend of $4.54 per share for 2013. “If approved, the final dividend will be paid on April 29, 2014 ,to shareholders of record at the close of business on April 16, 2014. The Register of Shareholders will be closed on April 17 and 22 April, 2014,” Phillip said.