(Trinidad Express) – The ANSA McAL conglomerate has recorded revenues of $5.9 billion for its 2012 financial year, a 12 per cent increase over the previous year’s $5.3 billion.
The company posted a pre-tax profit of $952 million, up five per cent from $905 million in 2011.
Earnings per share increased seven per cent, up from $3.46 to $3.69.
Cash generated from operations increased by nine per cent to $1.3 billion, with total assets now standing at $11.3 billion.
The company announced its financial results last week at its offices in the Tatil Building at Maraval Road, Port of Spain.
Group finance director Aneal Maharaj presented the results to reporters, board members and sector heads as well as representatives from financial institutions.
The company recorded profits before tax in all its sectors except insurance and financial, where the $161 million in revenue was a 30 per cent loss from the previous year as a result of voluntary impairments to the group’s regional investments portfolio.
Manufacturing, packing and brewing saw a ten per cent increase to $479 million; automotive, trading and distribution increased profits four per cent to $137 million; and media, retail and services increased profits by 66 per cent to $174 million.
“All our businesses are performing well,” group chairman A Norman Sabga said.
The group is focusing on its first quarter so far, but foresees growth in all sectors as the year continues.
Regarding Sport Minister Anil Roberts’s stated intention to deliver pre-action protocol letters to McAL-owned Guardian (and other media houses) over a story published in that newspaper two weeks ago, Sabga said he had not received any such correspondence.
