May 14, 2009
D&G Posts Jump In Earnings
Desnoes & Geddes Ltd. (D&G) yesterday posted a 29.1% jump in earnings to J$ 0.39 per share for the nine month period ended march 31, 2009, up from 0.30 per share. Despite an increase in cost of sales and general, selling & administration expenses, D&G was able to push up income overall. Overseas export volumes jumped 23% mainly due to a 26% rise in volumes to the U.S. as Red Stripe continues to outperform the premium imported beer category. D&G is currently trading 1.58 times book value, and has a return on equity of 19.34%.