Express Business Filler #1

This week, we at Bourse review the financial performance of two local manufacturing companies for their respective six-month periods ended June 30, 2019 – Angostura Holdings Ltd (AHL) and Trinidad Cement Ltd (TCL). Angostura continues to broaden its market share in the international space which, added to improvements in its commodity trade segment, would have led to improved overall performance. In contrast, TCL’s profitability continues to slide lower due to depressed local demand for its products and rising expenses.

Angostura Holdings Ltd (AHL) Angostura Holdings Ltd (AHL) reported Earnings per Share of $0.26 for the HY period ended 30th June 2019, an increase of 13.0% from last period’s $0.23. Revenue for the current period increased 3.8% to $346.4M from $333.8M in HY 2018. This was, however, accompanied by a rise in Cost of Goods Sold to $172.1M, an increase of 4.3% or $7.1M over the prior comparable period. Resultantly, Gross Profit rose 3.3% from $168.7M in 2018 to $174.3M in 2019. Gross Profit Margin edged slightly lower to 50.3% from 50.6%. 

Get caught up with news from the news leader
Subscribe now and get access to the Trinidad Express E-paper


This week, we at Bourse take a look at the financial performance of two major players in the Non-Banking Finance sector: Sagicor Financial Corporation Limited (SFC) and Guardian Holdings Limited (GHL), for the six-month period ended June 30th, 2019. 

LAST week saw 1,346,042 shares traded on first tier market, a decrease of 14.24 per cent on the previous week’s total of 1,569,519 shares crossing the floor. The value of the shares traded was up by 15.62 per cent to $14,347,690.73 from the previous week’s value of $12,409,110.29.

Thanks but no thanks. Wheel and come again. This is the message president of the Public Services Association Watson Duke has sent to UNC political leader Kamla Persad Bissessar, who on Tuesday called for unity with the trade union movement, ahead of next year’s general election.

THE Chief Executive Officer of the Heritage Petroleum Company Mike Wylie has taken leave of absence from the job on medical grounds. This was confirmed by chairman of Trinidad Petroleum Holdings Company (TPH) Wilfred Espinet, who said the CEO was on sick leave.