Demerara Distillers Limited (DDL) recorded profit of $984M for 2012, down from $1.1B the year before.
The company’s annual report noted that the 2011 profit had been driven higher by a one-off dividend from the now wound-up seafood business, BEV Processors of $288M. Stripped of this, Chairman Yesu Persaud in his report contained in the company’s annual report noted that the profit for DDL in 2012 would have been higher than in 2011 by 12%.
Profit for the DDL group was also down from $1.5B in 2011 to $1.3B in 2012.
