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  • 6 months ago
ANSA McAL's first quarter, which ended March, has seen an growth. That increase saw the company making a little over 7 million dollar in profit. It's a 6 percent increase compared to the company's 2025 first quarter earnings. Here's more in our Inside Business.
Transcript
00:12conglomerate and some mccall limited reported an increase in profit after tax of 62.8 million
00:19dollars from 55.3 million dollars a year earlier according to the company's unaudited consolidated
00:27financial statements for the quarter ended march 31st 2026 group revenue rose by six percent to 1.8
00:36billion dollars up from 1.7 billion dollars in the corresponding period last year profit before
00:44taxation from continuing operations increased by seven percent to 105.2 million dollars compared
00:51to 98 million dollars in the first quarter of 2025 in the chairman's statement chairman a norman sabga
00:59said the company's performance reflected disciplined investment and continued execution of its long-term
01:06strategy he said quote for the quarter ended 31st march 2026 the group continued to deliver on our
01:142x strategy and disciplined investment policy end quote sabga stated that earnings per share from
01:22continuing operations rose by 18 to 30 cents the company's side performance during the quarter
01:30was supported by cost management measures and ongoing investment into growth initiatives the group also
01:37highlighted improvements to its balance sheet noting a reduction in gearing after repaying 80 million
01:44dollars in principle during the quarter sabga said the group also continued to strengthen its balance
01:50sheet with further reductions in gearing during the quarter down to 23 percent versus 23.9 percent
01:58at 31st december 2025 supported by the repayment of 80 million dollars in principle reinforcing our capacity
02:07to fund growth while maintaining financial flexibility end quote answer mccall pointed to guyana as one of its
02:14strongest performing markets during the most strongest performing markets during the quarter sabga said
02:18quote the group's geographic diversification remains a key source of strength
02:23guyana maintained strong momentum with revenue increasing by over 24 percent
02:28reinforcing its position as the group's second largest market by revenue end quote
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