Caribbean Cream Limited Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended August 31, 2016
October 11, 2016
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Caribbean Cream Limited announced unaudited earnings results for the second quarter and six months ended August 31, 2016. For the quarter, the company’s revenue was JMD 299,640,000 against JMD 299,640,000 a year ago. Operating profit before finance costs was JMD 46,947,376 against JMD 50,566,041 a year ago. Profit before taxation was JMD 46,398,583 against JMD 45,505,066 a year ago. Net profit after taxation was JMD 46,398,589 or JMD 0.12 per share against JMD 45,505,066 or JMD 0.12 per share a year ago.
For the six months, the company’s revenue was JMD 614,899,000 against JMD 560,067 a year ago. Operating profit before finance costs was JMD 120,133,352 against JMD 94,408,609 a year ago. Profit before taxation was JMD 117,574,415 against JMD 84,785,504 a year ago. Net profit after taxation was JMD 117,574,415 or JMD 0.31 per share against JMD 84,728,917 or JMD 0.10 per share a year ago. Net cash provided by operations was JMD 177,138,204 against JMD 103,101,458 a year ago. Acquisition of property, plant and equipment was JMD 68,371,937 against JMD 13,519,137 a year ago.
Caribbean Cream Limited is a Jamaica-based company that is engaged in the manufacturing and sale of ice cream and frozen novelties, under the Kremi brand, and the importation and distribution of certain types of frozen novelties. The Company's product categories include bulk ice cream, ice cream tubs, frozen novelties, and ice cream cakes. It offers ice cream products in various flavors, such as Cookies Nâ Cream, Grapenut, Rum Raisin, Hot Fudge, Cherry Chocolate Chip, Orange Pineapple, Cherry Pineapple, Pistachio Cherry, Chocolate Vanilla, Choco Swag, Vanilla, Chocolate, Banana Split, Cherry Vanilla, Stout, Jam 50th, Fruit Cake, Coffee Rum Cream, Pistachio, and Egg Nog. Its ice cream cake products include Vanilla, Cookie and Cream, and Grapenut. Its frozen novelties products include Sour Cherry, Grape, Kola Champagne, Green Apple, and Watermelon. Its bulk ice cream products are used in parties, schools, events, and hotels.
CARIBBEAN CREAM LIMITED 
