ANSA McAL’s chairman A Norman Sabga says he is pleased that the group was able to deliver a strong performance for the first half of 2021 despite the “current dynamic operating environment.”
The Group’s profit before tax increased by 107 per cent to $305 million for the six months ending June 30, 2021.
Revenue fell marginally to $2.68 billion from $2.73 billion over the same period last year.
“We have made significant investments which position the Group to achieve high returns on invested capital. Notably, we targeted renewable energy in LATAM, cross border insurance and brewery expansion with the acquisition of Trident Barbados and brewery operations in Antigua,” Sabga stated.
Sabga added that the Group’s vision is to also establish the “first fully integrated digital bank” through ANSA Bank.
“We are confident that our solid strategic platform driven by our mindset for growth, will deliver robust results and create long-term value for all our stakeholders,” Sabga insisted.
The ANSA McAL board of directors has approved an interim dividend of 30 cents per share which will be paid on September 8.
The register of members will be closed on August 27, 2021.