Good news, bad news for Endeavour Holdings
John Aboud
Photo by Angelo Marcelle
For Endeavour Holdings, the real estate company that houses retail, food and entertainment businesses such as Movie Towne and KFC, there is good news and bad news, according to its unaudited financial reports released on Friday last.
The good news is, liabilities and expenses fell by millions, allowing the company to maintain its CariCris ratings.
The bad news is, like many other companies, covid19 negatively affected its business.
In the financial report, chairman John Aboud said profits were down by 24 per cent – from $26.5 million last to $20.1 million this year.