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%.