Sep 3, 2009
D&G Announces Solid 2008/2009 Performance
Desnoes & Geddes Ltd. (D&G) announced a solid performance for its 2008/2009 fiscal year through June. D&G, the maker of the world-famous Red Stripe Beer, said its results were boosted by significant growth in export volumes, higher prices and the devaluation of the Jamaican dollar against the United States’ currency.
D&G’s continued focus on cost efficiency, especially with regard to market cost, augmented profits. Earnings per share (EPS) grew 48.8% to J$0.55 from J$0.37 for the year, with J$0.16 earned in the fourth quarter.