Desnoes & Geddes Ltd. (DG) – Unaudited results announced

The results for the twelve months ended December 31, 1997 compared to 1996 are:

-Profit after tax up by $190 million to $174 million.
-Turnover up by 6% to $5,893 million
-Profit before interest and tax up by $208 million to $748 million
-Profit before tax up by $277 million to $305 million.

The performance reflects improved volumes from exports, which grew by $22% compared to last year and soft drinks, up by 9% versus 1996. Beer volumes in Jamaica were 5% down on 1996, although the trend for the second six months showed a slight improvement over the first half of the year.