Caribbean Cream Limited Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended February 29, 2016
April 11, 2016
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Caribbean Cream Limited reported unaudited earnings results for the fourth quarter and full year ended February 29, 2016. For the year, the company reported gross operating revenue of JMD 1,134,933,221 compared to revenue of JMD 1,012,860,965 for the same period a year ago. Operating profit before finance costs was JMD 168,371,952 compared to JMD 83,797,442 last year. Profit before taxation was JMD 150,609,404 compared to JMD 56,766,300 last year. Net profit after taxation was JMD 150,552,818 or JMD 0.40 per share compared to JMD 56,766,300 or JMD 0.15 per share last year. Net cash provided by operating activities was JMD 224,778,169 compared to JMD 60,020,492 last year. Acquisition of property, plant and equipment was JMD 46,680,494 compared to JMD 65,379,775 last year.
For the quarter, the company reported gross operating revenue of JMD 316,545,874 compared to revenue of JMD 271,501,329 for the same period a year ago. Operating profit before finance costs was JMD 31,119,598 compared to JMD 36,262,082 last year. Profit before taxation was JMD 26,915,375 compared to JMD 25,690,923 last year. Net profit after taxation was JMD 26,858,789 or JMD 0.07 per share compared to JMD 25,690,923 or JMD 0.07 per share last year.
Caribbean Cream Limited is a Jamaica-based company that is engaged in the manufacturing and sale of ice cream and frozen novelties, under the Kremi brand, and the importation and distribution of certain types of frozen novelties. The Company's product categories include bulk ice cream, ice cream tubs, frozen novelties, and ice cream cakes. It offers ice cream products in various flavors, such as Cookies Nâ Cream, Grapenut, Rum Raisin, Hot Fudge, Cherry Chocolate Chip, Orange Pineapple, Cherry Pineapple, Pistachio Cherry, Chocolate Vanilla, Choco Swag, Vanilla, Chocolate, Banana Split, Cherry Vanilla, Stout, Jam 50th, Fruit Cake, Coffee Rum Cream, Pistachio, and Egg Nog. Its ice cream cake products include Vanilla, Cookie and Cream, and Grapenut. Its frozen novelties products include Sour Cherry, Grape, Kola Champagne, Green Apple, and Watermelon. Its bulk ice cream products are used in parties, schools, events, and hotels.
CARIBBEAN CREAM LIMITED 
