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Performance Overview

Chairman's Report

For the year ended December 31, 2016, the Group recorded revenue of $620.5m versus $649.4m in 2015, a decrease of $28.9m (4.5%). Of this decrease, $25.0m related to the commodity rum trade while $3.9m related to the sale of branded products. Domestic rum sales were affected by the local economic climate, while export rum and bitters experienced growth. The Group is reviewing all business lines to support future growth and innovation objectives.

m below the prior year, and resulting EPS was $0.59 versus $0.80 in 2015. The Directors have approved a final dividend in respect of the year ended December 31, 2016 of $0.18 per share with a record date of April 7, 2017 and payment date of April 21, 2017. Together with the interim dividend of $0.12 per share paid on September 5, 2016, the total dividend in respect of 2016 will be $0.30.

Dr. Rolph Balgobin
March 27 2017