Caribbean Container registers $11.6M loss

Ronald Webster

In the final year of its four-year restructuring plan, Caribbean Container Inc. last year recorded an after-tax loss of $11,662,767, significantly less than the 2009 after-tax loss of $69,764,228.

According to the company’s Annual report for the year ended December 31, 2010, the company’s gross profit for last year was $144,661,971, an increase of (65.5%) over the $87,420,990 recorded the previous year. Earnings before Interest, Depreciation and Taxation in 2010 was $157,507,274, an increase of $35,617,612 (29.2 percent) over 2009 and $98,249,384 over 2008.  A turnover of $887,014,849 was recorded for the year, an increase of $10,809,598 (12.9%) over 2009