Angostura Holdings Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 03, 2021 at 01:03 pm
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Angostura Holdings Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was TTD 218.268 million compared to TTD 205.332 million a year ago. Operating income was TTD 43.026 million compared to TTD 39.075 million a year ago. Net income was TTD 36.500 million compared to TTD 27.731 million a year ago. Basic earnings per share from continuing operations was TTD 0.18 compared to TTD 0.13 a year ago. For the half year, sales was TTD 370.358 million compared to TTD 358.477 million a year ago. Operating income was TTD 66.419 million compared to TTD 56.421 million a year ago. Net income was TTD 55.561 million compared to TTD 40.827 million a year ago. Basic earnings per share from continuing operations was TTD 0.27 compared to TTD 0.2 a year ago.
Angostura Holdings Limited is a holding company. The Company's subsidiaries are engaged in the manufacture and sale of rum, Angostura aromatic bitters and other spirits, and the bottling of alcoholic and other beverages on a contract basis. The Company's Rum segment manufactures and sells consumer alcohol products. Its Bitters segment manufactures and sells Angostura aromatic bitters. Its Chill segment sells and distributes Angostura Chill products. Its Bulk segment manufactures and sells bulk concentrate products such as current distillate, blends, and bulk bitters. Its Other segment consists of both locally manufactured and imported products for sale such as Wines, liquors, and other branded Spirits. It offers drinks, such as Angostura 1824, Angostura 1787, Angostura 1919, Angostura 7-year-Old rum, Angostura 5year Old rum, Angostura Reserva, Angostura Single Barrel and Tamboo, White Oak, and its array of flavors include sorrel, coconut, watermelon, pink grapefruit, and pineapple.