The Demerara Distillers Limited (DDL) has reported a marginal increase in after-tax profits for the first half of this year compared to the same period last year, citing challenges, including a decrease in bulk spirits’ sales.
“This report is presented against the background of a particularly challenging international economic atmosphere which existed during the first half of 2024 and still persists. The contraction of markets globally directly affected consumer spending which continues to be under severe pressure on account of continuing inflation,” DDL’s Chairman’s State-ment, which is included in the company’s Interim Report 2024 for the period ending June 30, pointed out.
“…Group profit before taxation for the period was $2.8 billion, a marginal increase of $0.1 billion over the $2.7 billion achieved in the comparative period of the preceding year. Profit after taxation was $2.1 billion, again marginally above the $2 billion in 2023,” it added.
