Massy posts financial loss in 2016

Trinidad Express:

Its profit before tax fell to $800.5 million for year ended September 30, 2016, down from $919 million in 2015 according to Massy’s consolidated income statement published yesterday in the press.

Massy’s profit after tax stood at $536.1 million in 2016, down from $668.3 million a year earlier.

Chairman Robert Bermudez said 2016 was challenging for the Group, resulting in a “mixed financial performance”.

He said: “While the Group’s balance sheet was well managed, Group third party revenue declined by three per cent or $411 million from $11.9 billion to $11.5 billion and earnings per share (EPS) declined by $1.43 (22 per cent) from $6.53 to $5.10, when compared to 2015.”

16 Comments

  1. Sad-But-True
    January 1, 2017 at 2:53 pm

    Evil Chastanet is just bad news!
    But again, he is Evil Chastanet!

  2. Anonymous
    January 1, 2017 at 2:56 pm

    lol

  3. Anonymous
    January 1, 2017 at 3:22 pm

    You all make all that profit and talking about lost. Greedy

  4. Anonymous
    January 1, 2017 at 4:27 pm

    are these guys hearing themselves… they made half a billion after taxes and they spoke about loses. hope you are not trying to stiff the staff for the sake of greedy shareholders…

  5. T
    January 1, 2017 at 5:49 pm

    Plz correct this lie. The ppl made a profit but it was less than what was made in 2015.

    1. Anonymous
      January 2, 2017 at 12:01 am

      The media as usual trying to cover for certain people

  6. Anonymous
    January 1, 2017 at 6:13 pm

    stupid comment about Chastenet

    a PROFIT was made of $536M which was lower than the year before but STILL a PROFIT… smh

    COuld the difference between 2015 and 2016 be because Massy purchase the SuperJs supermarker business in St.Lucia in 2016?

  7. Anonymous
    January 1, 2017 at 6:46 pm

    They are just a bunch of capitalist crooks get out of st lucia

    1. Anonymous
      January 2, 2017 at 3:35 pm

      you are proposing that massy get out of St.Lucia good
      have you thought ab the rise in unemployment if that should happen
      Massy posted a lose in profits over 2015 doesnt mean that they are not satisfied
      A Lose is a lose try having your own business and post your figures

  8. Anonymous
    January 1, 2017 at 6:56 pm

    Anonymous. All of them are. Don’t just call out one call out all.

  9. Anonymous
    January 1, 2017 at 7:40 pm

    Seriously misleading headline…there was a loss in profits

  10. Anonymous
    January 2, 2017 at 9:45 am

    My god my god I cannot believe what I am reading ah man make $536. Million after tax my god what theses people want from the consumers is blood after all that is way to much profit these people needs to be whipped in the public square daily

    1. Rage
      January 2, 2017 at 10:33 am

      You people are crying about how they made too much money but who bought their products? Better they make their money and you have food in your belly, no?

  11. Anonymous
    January 2, 2017 at 10:26 am

    Straight out of the Donald handbook

  12. Proud Lucian
    January 2, 2017 at 1:07 pm

    Misleading headline.

  13. Anonymous
    January 3, 2017 at 8:08 pm

    There was a decline in profits

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