Demerara Distillers Limited (DDL) recorded an after-tax profit of $1.89 billion for 2015, down 1% from the previous year and for the first time ever the export value of branded rums was greater than the value of bulk rum exports as the latter was hit by low prices and currency issues.
In his report for the Group’s Annual General Meeting set for March 31, Chairman Komal Samaroo said that the precipitous decline in international commodity prices last year had a severe impact on the bulk rum market.
“Low prices combined with the decline in (the) international value of the Euro necessitated our withdrawal from segments of the