The Caribbean Container Incorporated (CCI) first half year un-audited report shows that the company has achieved a lower financial turnover of 2% for the first half of 2024 as compared to the corresponding period of 2023 but recorded a profit before tax increase of 100% for the same period.
In the unaudited results published in the last Sunday Stabroek, CCI said its turnover was $778,265,545, a drop of 2% or $16.1m for the corresponding first six months in 2023. In accompanying financial tables in the Sunday Stabroek advertisement, CCI said that its gross profit ending June 30, 2024 was $211,483,629 which stood at 58.4% or $77.9m above the same reporting period in 2023. CCI attributed this increase to market stabilization of raw materials. Added sources of income, according to the ad, were derived from two leases valued at $90,227,832 dollars. The company’s profit before tax for the first half of 2024 was reflected at $171,737,532 a gain of 100% or $86.2m over the corresponding period of 2023.
CCI’s advertisement also declared that during the first half of 2024, the company directed $48,641,779 towards Capital Additions or expenditures. This, the ad said, was a $10.7m or 28.3% increase over the same period in 2023. CCI said that at June 30, 2024 its Net Current Assets was recorded at $1,215,659,822 which represented an 11.2% or $123.3M gain ahead of the corresponding period in 2023.