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Friday, August 29, 2025

Angostura makes gains in non-alcoholic segment

by

20140816

An­gos­tu­ra Hold­ings Ltd has record­ed prof­it af­ter tax of $60.4 mil­lion for the six months end­ed June 30.Chair­man Ger­ald Yet­ming said the com­pa­ny's half-year re­sults from con­tin­u­ing op­er­a­tions im­proved by 14.8 per cent com­pared to the pri­or year. The com­pa­ny's sum­ma­ry con­sol­i­dat­ed fi­nan­cial state­ments show re­sults of $82.1 mil­lion–an in­crease on the $71.5 mil­lion achieved in June 2013.

He said Cen­tral and South Amer­i­ca are lu­cra­tive mar­kets for An­gos­tu­ra's non-al­co­holic seg­ment of its busi­ness and that rev­enue was $63.9 mil­lion com­pared to $47.6 mil­lion for the same pe­ri­od last year"The non-al­co­holic seg­ment has ex­pe­ri­enced no­table growth as we take ad­van­tage of new busi­ness op­por­tu­ni­ties in Cen­tral and South Amer­i­ca while con­tin­u­ing to ex­pand with­in al­ready es­tab­lished mar­kets," Yet­ming said.

The chair­man said al­co­holic brands con­tin­ue to "re­main strong in all re­gions", earn­ing rev­enue of $227.9 mil­lion­The com­pa­ny in­vest­ed $333.9 mil­lion in plant and ma­chin­ery for the six months end­ed June 30, which was high­er than the $296.7 mil­lion for the com­par­a­tive pe­ri­od last year June 30.Yet­ming said this "sig­nif­i­cant in­vest­ment" is aimed at en­sur­ing that "ap­pro­pri­ate sup­port is avail­able to meet the evolv­ing needs of the busi­ness and re­tained prof­its are at a healthy lev­el."

Net cash and bank bal­ances at June 30, de­creased to $119.8 mil­lion com­pared to $180.6 mil­lion in June 2013.


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