Agostinis Limited Reports Audited Consolidated Earnings Results for the Year Ended September 30, 2016
January 19, 2017 at 09:26 am EST
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Agostinis Limited reported audited consolidated earnings results for the year ended September 30, 2016. For the year, the company's revenue was $2,453,713,000 against $1,706,617,000 a year ago. Operating profit was $163,785,000 against $117,787,000 a year ago. Profit before taxation was $143,628,000 against $107,353,000 a year ago. Profit attributable to owners of the parent was $89,034,000 or $1.52 per basic and diluted share against $77,248,000 or $1.32 per basic and diluted share a year ago. Net cash flows from operating activities were $140,254,000 against $144,356,000 a year ago. Purchase of property, plant and equipment was $56,468,000 against $62,019,000 a year ago. Purchase of intangible assets was $4,097,000 against $2,000,000 a year ago.
Agostiniâs Limited is engaged in trading and distribution (wholesale and retail), interior building contracting and manufacturing/ packing of certain food products. The Company's segments include Pharmaceutical & health care, Fast moving consumer goods, and Industrial, construction and holdings. The Pharmaceutical & health care segment is a diversified supplier of pharmaceutical related items. The Fast moving consumer goods is a supplier and manufacturer of food and household related products. The Industrial, construction and holdings segment provides services relating to interior modeling, other construction related services and oilfield services. The Company operates and has subsidiaries in Trinidad and Tobago, Barbados, St. Lucia, St. Vincent and the Grenadines, Grenada and Guyana. Its subsidiaries include Smith Robertson & Company Limited, SuperPharm Limited, Rosco Procom Limited, Ponderosa Pine Consultancy Limited, Oscar Francois Limited, Curis Technologies Limited and others.