Cocoa bitters boosts Angostura sales in United States
3 Days Ago
Angostura s Cocoa Bitters boosted the groups bitters line sales which grew by 32 per cent in the United States in 2020. - Photo by Vidya Thurab
At-home drinking which turned home-owners into mixologists during covid19 lockdowns helped the Angostura Group to earn a strong after-tax profit of $145.6 million last year.
This amounts to an increase of 2.1 per cent or $2.9 million in 2019, chairman Terrence Bharath stated in the group s 2020 financial results.
A welcome boost to the group s profitability came from the newest cocoa flavour of its world-renowned bitters, especially in the United States.