The unaudited after-tax profit for the Demerara Distillers Limited (DDL) Group up to June this year was $936m compared to $805m for the previous half year, according to the interim report published in yesterday’s Sunday Stabroek.
Chairman of DDL, Komal Samaroo said in a statement that profit before taxation for the six months was $1.347b compared to $1.193b for the same period in the previous year, an increase of $154m or 13%.
Samaroo said that the DDL Group continued to “experience intensified competition in most markets”. He said turnover for the half year grew by 7% over the previous year, rising from $8.5b to almost $9.1b. He said that while turnover in the domestic market was relatively flat, growing by a marginal 0.5%, turnover in international markets “grew by an impressive 20%”. He said the Group will therefore continue to place great emphasis on the development of its brands particularly in its overseas markets.
According to the notes to the accounts, revenue from the Guyana
