Light at the end of the tunnel

Mon, Aug 30th 2010, 08:00 PM

By SCOTT ARMSTRONG
Guardian Business Editor
scott@nasguard.com
twitter.com/guardianbiz

After three years of continuous losses City Markets has finished a tough 2010 by making its first actual profit in the final period of the financial year.
Bahamas Supermarkets Limited, which runs the chain, has seen the first sign of hope that a turnaround is possible by making around$80,000 profit for period 13 of the year, sources toldThe Nassau Guardian.
However 2010 has been a year of much-needed restructuring that will come at a price, with the company on track to make a$7 million total loss for the year. While that is significantly lower than 2008's alarming$13.5 million loss it is more than last year & ...

Click here to read more at The Nassau Guardian

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