DDL registers after-tax profit of $2.2B for 2016

Komal Samaroo

The Demerara Distillers Limited (DDL) Group registered after-tax profit of $2.191 billion for 2016, a 16% increase over the previous year’s figure even though it withdrew entirely from the bulk rum market.

In his report contained in the 2016 annual report, Chairman Komal Samaroo noted that the 2016 after-tax profit was $296 million higher than the 2015 figure of $1.895 billion. Taxation for the group in 2015 was $901.4 million compared to $728.6 million last year.

Noting that commodity prices had bottomed out in 2016, he said the bulk rum aspect of the DDL business was not spared. He adverted to his 2015 report to shareholders where he had reported the company’s