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AML targeting slash to $6.8m shrinkage
AML Foods is targeting an improvement in inventory shrinkage during its current 2022 financial year after failing to achieve the anticipated reduction during the 12 months to end-April 2021.
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AML 'not terribly excited' despite 106% profit rise
AML Foods yesterday said it was “not terribly excited” about its first quarter net income more than doubling to $1.346 million, a result aided by a further 20 per cent reduction in shrinkage during that period.
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Nicole: Tourism suffers no ‘overwhelming shrinkage’
The Bahamian tourism industry has not suffered a “material” reduction in bookings and guests despite now-Hurricane Nicole striking Grand Bahama and Abaco, a senior hotelier said yesterday.
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AML targeting full year '12 cent' dividend yield
AML Foods believes it will generate a full-year dividend yield of $0.11-$0.12 per share, after it yesterday unveiled an almost 10-fold year-over-year net income increase for its second quarter.
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AML chief’s concern on ‘awful’ Freeport economy
AML Foods is expressing concern that Freeport’s “awful” economy could drag down previously strong sales growth, its chief executive saying reports of the city’s unemployment levels were “staggering”.
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‘Jobless numbers need to get real’
WHILE admitting unemployment is largely a private sector problem, Bahamas Institute of Chartered Accountants president Gowon Bowe said yesterday newly released jobs statistics cannot be used as an indicator of the country’s economic performance.
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PM: COVID lockdown led to employment shrinkage
The Prime Minister yesterday blamed the former Minnis administration’s COVID lockdowns and other restrictions for the shrinkage in the workforce and number of employed Bahamians amid a bitter House of Assembly row.
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AML ‘not where we want’ despite $1.22m rebound
AML Foods is “not where we want to be” on third quarter profitability despite enjoying a $1.22 million swing into the black, with the post-Back to School recovery in consumer spending taking longer each year.
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AML’s ‘20% shrink’ drives profit tripling
A BISX-listed food retail group yesterday said it had slashed shrinkage by 20 percent compared to the first half as it closed its 2019 financial year by more-than tripling final quarter profits.
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Pinder says pledge to repeal tax was reckless
FINANCIAL Services Minister Ryan Pinder yesterday said it was reckless for opposition leader Dr Hubert Minnis to promise repealing any tax introduced by the Christie administration that causes suffering.
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AML Foods eyes dividend restart on 'improved' Q1
AML Foods is aiming to resume investor dividends based on “significantly improved results” for its first quarter to-date, after yesterday unveiling a 45 per cent year-over-year profit increase for the final period of its 2014 financial year.
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Cost Right lease's five-year extension for half the space
AML Foods has secured a five-year lease extension for 50 percent less space at its Town Centre Mall-based Cost Right store while it waits for the fate of its new location to be determined.Gavin Watchorn, the BISX-listed food group’s chief executive,
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Hearing loss and the whole person
The month of October is deemed Audiology Awareness Month by the American Academy of Audiology. In honour of this month it is certainly incumbent upon me to share how important hearing is to our overall health and well-being.
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Davis blasts 2,500 job cuts in public sector as 'shameful'
PROGRESSIVE Liberal Party Leader Philip “Brave” Davis said he is not surprised by the latest unemployment figures, which highlights a “shameful” public sector shrinkage of more than 2,500 jobs, adding he believes the number will double once the compl
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Digital banking can’t be ‘rammed down throats’
A senior banker yesterday said the industry must adopt the “Mary Poppins with medicine” approach in encouraging more Bahamians and businesses to switch to digital transactions.
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Reinvesting 50% of corporate tax no GDP growth panacea
Reinvesting 50 percent of the revenues generated by a corporate income tax would lessen - but not eliminate - the negative economic impact of each of the four proposed implementation options, the Government is forecasting.
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Facing the future
The following is a letter addressed to Dr Jonathan Rodgers
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'Extraordinary response' to new retailing concept
By NATARIO McKENZIE
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AML Foods: 'distractions' added to 75% profit fall
AML Foods yesterday said its 75 percent fourth quarter profit decline will not become a long-term trend, as “distractions” resulted in margins and shrink heading in the wrong direction.Gavin Watchorn, the BISX-listed food retail and franchise group’s
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Minnis vows to repeal tax
OPPOSITION leader Dr Hubert Minnis yesterday promised to repeal any tax introduced by the Christie administration that causes “pain, suffering and undue stress” to the Bahamian people if the FNM is elected in the next general election. He added that the signs of a suffering nation would show in the complaints and lifestyle changes of residents.
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