Cave Shepherd Group profits up - Barbados Today barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
There is no denying that many Barbadians are going through some tough times. At the root of it is the rising cost of living which is exerting significant pressure on consumers.
Rising prices have their genesis in many local and global circumstances. They range from pandemic-related supply disruptions that have led to much greater demand than supply to other challenges that
In what we could readily describe as a “throw away age”, we are living in a period where most things are seen as dispensable the moment their significance is questioned. As a result, there is an ongoing battle to remain relevant as the environment around us evolves.
One may be of the impression that these circumstances relate only to individuals,however, it
Having divested of its iconic department stores and shifted more to financial services, Cave Shepherd & Co says the group is in a much stronger position with cash and cash equivalents of $45 million.In its report to investors and stakeholders, the Barbadian group of companies, headed by chief executive officer John Williams and chairman Sir Geoffrey Cave spoke of the group’s growth.The Cave Shepherd brand, which is more than 100 years old, posted half-year net profits of $4.66 million for the period ending June 30, when compared to $3.48 million for the corresponding period of 2021.Sir Geoffrey and Williams, in their recently- published Directors’ Report accompanying the financial highlights, described the first half of the financial year as “a strong start. . . with all our businesses making a positive contribution”. They indicated that profit attributable to shareholders was $3.8 million, compared to $2.4 million for the first half of 2021.
Sir Geoffrey steps down as chairman - Barbados Today barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.