The Demerara Tobacco Company Limited registered a profit after tax of $1.68B for 2012 and also paid out dividends during the year of $1.67B.
Its 2012 Annual Report circulated yesterday at its Annual General Meeting at the Pegasus Hotel showed that taxation paid during the year amounted to $3.6B compared to $3.1B last year.
Profits have been steadily rising and the final dividend to be approved yesterday would have taken the total amount paid during the year to $77 per share. The company’s share price rocketed from around $430 in 2011 to around $830 last year.
Profit after tax of $928M in 2008 rose to $1.68B last year.
In her Managing Director’s review, Malissa Sylvester said that the company recorded turnover
