Angostura Holdings Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
April 23, 2020
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Angostura Holdings Limited announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was TTD 311.002 million compared to TTD 266.763 million a year ago. Operating income was TTD 79.419 million compared to TTD 77.157 million a year ago. Net income was TTD 60.870 million compared to TTD 57.567 million a year ago. Basic earnings per share was TTD 0.3 compared to TTD 0.28 a year ago. For the full year, sales was TTD 847.200 million compared to TTD 783.692 million a year ago. Operating income was TTD 184.255 million compared to TTD 174.051 million a year ago. Net income was TTD 141.843 million compared to TTD 129.918 million a year ago. Basic earnings per share was TTD 0.69 compared to TTD 0.63 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.