Caribbean Flavours and Fragrances Restricted (CFF), a number one producer and provider of flavours, fragrances and components within the Caribbean, has reported sturdy monetary outcomes for the primary quarter ended March 31, 2025.
The corporate recorded a 20.73 per cent enhance in income year-over-year climbing to J$226.44 million, up from J$187.56 million in Q1 2024.
The sturdy efficiency in response to the corporate’s report was fuelled by continued execution of strategic progress initiatives, together with the growth of its components portfolio and elevated penetration into regional markets. Gross revenue rose by 48.14 per cent to J$96.47 million, bettering the gross margin to 42.60 per cent.
Web revenue for the quarter surged 185.97 per cent to J$35.54 million, whereas revenue earlier than tax grew by 171.13 per cent to J$44.45 million. Web finance earnings greater than doubled, pushed by greater curiosity earnings and beneficial overseas change features.
Earnings per share tripled to J$0.04 in comparison with J$0.01 in Q1 2024. The corporate additionally reported a 7.68 per cent year-over-year enhance in complete belongings to J$871.34 million and a 9.15 per cent rise in shareholders’ fairness to J$726,171.00 million.
“Our first quarter efficiency is a transparent reflection of the staff’s resilience and strategic give attention to sustainable progress. Whereas challenges persist within the world commerce surroundings, our operational agility and deepening buyer relationships in Jamaica, Trinidad, and St Lucia have positioned us for continued success,” mentioned Howard Mitchell, chairman of CFF.
Whereas CFF’s inventory worth declined 11.67 per cent in the course of the quarter, reflecting broader market softness, the corporate’s market capitalisation stays strong at J$1.09 billion.
With a number of promising pilot tasks already underway throughout the area and energetic discussions with worldwide companions, the corporate is poised to speed up its progress and cement its place because the Caribbean’s premier innovator in flavour and perfume options,” in response to the report.
“Our push into new Caribbean markets, notably in Guyana and the Japanese Caribbean, is a part of a deliberate technique to strengthen regional relevance,” Mitchell mentioned.
“Equally essential is the success of our expanded components portfolio, which has allowed us to fulfill extra particular wants of our prospects and diversify our choices throughout sectors. This has been a key contributor to each income and margin progress this quarter.”
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