Caribbean Container
not declaring and paying dividends the company declared a small profit for the 2012 financial year, enabling the payment of dividends to its more than six hundred shareholders. She said that as the restructuring exercise unfolded the company’s profitability improved, positioning it to declare a record dividend of $0.22 per share in the 2016 financial year.
Bacchus told Stabroek Business, meanwhile, that the company’s performance has been “sound” over the past five years and that it has been able to cover its capital retooling costs through self-generated funds. “Our company has no lien or mortgage over its assets as it operates from a healthy cash flow position and has been able to avoid both long-term borrowings and costly shortterm overdraft facilities,” Bacchus told Stabroek Business.
Bacchus, an attorney-at-law, told Stabroek Business, however, that notwithstanding CCI’s positive improvements the company remains aware of what she described as “the dynamic market conditions within which it operates,” an awareness that impels it to “strive for continuous improvement.”
Bacchus told Stabroek Business that factors such as growing regional and extra regional competition coupled with high production costs meant that operating a paper-recyc manufacturing pla competitive” under lenges, she says, “re keting managemen tional leadership a engineering of prod This is particularly one considers the economic condition ing drop in consum