Local company packaging company Caribbean Container Inc (CCI) declared a profit after tax of $144.1 million at the end of 2015, a figure, it says, that represents a 227% increase on its after-tax profit at the end of 2014.
The declaration, according to the company’s Chief Executive Officer Patricia Bacchus, comes against the backdrop of a significantly enhanced performance following a protracted period of poor financial performance and an eventual return to profitability in 2012.
At last Friday’s Annual General Meeting it was announced that the company had basic earnings per share of $0.96, an increase of 231% over the 2014 Basic Earnings per Share of $0.29. The company said that another notable aspect of its 2015 performance was the fact that at the end of last year its net current assets stood at $361.9 million, an increase of 36% over the 2014 net current assets of $266.1 million in 2014,
