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Cave Shepherd profits, pays investor dividends
Article by July 30, 2021
In the first half-year financial report since discarding its retail store operations following consecutive years of massive losses, Cave Shepherd & Co Ltd has made almost $3.5 million in profits.
The publicly-traded company, that has now centred its operations around financial services and international business, recorded a dramatic turnaround in its bottom line for the six months of 2021 ending June 30.
Compared to the same period in 2020 when the company reported a loss of $36.90 million, company chairman Sir Geoffrey Cave and chief executive officer John Williams praised the demonstrated resilience of the Barbadian company.