Barbadian conglomerate Goddard Enterprises Limited (GEL) has roared back from the COVID-19 pandemic shock with a record 200 per cent increase in after-tax profit for its 2022 financial year ending September 30.In its recently published consolidated audited financial highlights, the 100-year-old company established by the Goddard family from St John outlined that the post-pandemic recovery demonstrated the resilience of the group of companies which owns subsidiaries from South and Central America through to the Caribbean chain.After-tax profits of Goddard Enterprises hit $68.20 million, a significant improvement on the $22.06 million achieved last year.Chief executive officer Anthony Ali and chairman Charles Herbert also attributed the massive increase in profits to the significant turnaround in the performance of the Catering and Ground Handling Division due to the explosion in post-pandemic air travel.
Goddard Enterprises Limited (GEL) has acquired IMC Caribbean Holding Corp., the sole shareholder of International Meal Company Panama, South America.
The successfully completed multimillion-dollar transaction has been managed by GEL subsidiary, Go
There is an undeniable feeling of growing confidence among Barbadians that life is returning to “normal” and the pall of uncertainty that encircled us over the past two to three years is beginning to ease.The associated merriment of the Christmas holiday season is certainly playing a role in how Barbadians are feeling, but there is also empirical evidence that citizens believe we are turning the corner on one of the most traumatic periods in our recent history.Barbadians are putting the memories of economic and social distress of the pandemic behind them. This season of joy will be the first in which people can relish the pleasure of being mask-free and they can hug and socialise in a way they could not for two consecutive years due to fears of disease spread.The buoyancy in confidence is supported by the economic figures as business activity on the island is ramping up. The recent financial reports from various corporate entities are demonstrating the turnaround.
City Council members discussed raising city department heads to a minimum of $30 an hour, among other raises for employees, when it met Monday at City Hall.“One thing we’re going
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