Angostura Holdings Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
April 02, 2019 at 01:37 am IST
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Angostura Holdings Limited announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was TTD 266.764 million compared to TTD 249.646 million a year ago. Operating income was TTD 74.669 million compared to TTD 53.184 million a year ago. Net income was TTD 57.566 million compared to TTD 37.040 million a year ago. Basic earnings per share was TTD 0.28 compared to TTD 0.18 a year ago. For the full year, sales was TTD 783.692 million compared to TTD 745.046 million a year ago. Operating income was TTD 174.051 million compared to TTD 158.861 million a year ago. Net income was TTD 129.918 million compared to TTD 111.107 million a year ago. Basic earnings per share was TTD 0.63 compared to TTD 0.54 a year ago.
Angostura Holdings Limited is a holding company. The Company's subsidiaries are engaged in the manufacture and sale of rum, Angostura aromatic bitters and other spirits, and the bottling of alcoholic and other beverages on a contract basis. The Company's Rum segment manufactures and sells consumer alcohol products. Its Bitters segment manufactures and sells Angostura aromatic bitters. Its LLB sells and distributes Angostura Lemon, Lime and Bitters. Its Bulk segment manufactures and sells bulk concentrate products such as current distillate (CD), blends, and bulk bitters. Its Other segment consists of both locally manufactured and imported products for sale such as Wines, liquors and other branded Spirits. It offers drinks, such as Angostura 1824, Angostura 1787, Angostura 1919, Angostura 7-year-Old rum, Angostura 5year Old rum, Angostura Reserva, Angostura Single Barrel and Tamboo, White Oak, and its array of flavors include sorrel, coconut, watermelon, pink grapefruit, and pineapple.