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Nassau, Bahamas - AML Foods
Limited today announces the launch of a share buy back program for its
ordinary shares. The program, authorised by the Company's board of
directors, allows for management to purchase up to 10% of its current
issued ordinary shares of 1,540,417 shares over a 36 month period to
January 31, 2014.
"Our board has been discussing a share buy back program for some time
now" says Mr. Dionisio D'Aguilar, Chairman of AML Foods Limited. "We
have felt that our share price is not truly reflective of the value of
the Company and has been deflated by an illiquid market and sellers
needing to sell shares to raise cash. We feel that we can provide
increased shareholder value by buying back some of our outstanding
ordinary shares and improving earnings and dividends per share...
Nassau, The Bahamas - The Bahamas joins the international community in observing World Food Day on October 16, Agriculture and Marine Resources Minister V Alfred Gray confirmed.
With 150 countries participating, the event is being held under the auspices of the Food and Agriculture Organisation (FAO) of the United Nations (UN).
The theme is 'Agricultural co-operatives: key to feeding the world.'
Celebrations take place that Tuesday at the Arawak Cay culture centre starting at 9 a.m., featuring agriculture exhibitions, special session for backyard farmers, and musical performances led by the Royal...
AML Foods Limited today
released financial results for its fourth quarter and its fiscal year
ended January 31, 2011 showing another profitable period for the group
with a 7.5% increase in sales.
Net profit of $1.4rn or 9 cents per share for the quarter compared to $l m or 6.5 cents per share for the prior year.
Sales of $25.8m for the quarter representing an increase of 7.5% over the corresponding quarter in 2009/ 10.
Net margin at 29.9% consistent with the previous
year of 29.7%. Selling, General & Administrative expenses increased
in dollar terms but
decreasing as a percentage of sales from 25.7% to 24.8%...
Robin Hood Mega Store on Tonique Williams-Darling Highway recently partnered with Dr. Patti L. Symonette, Chief Executive Officer and Founder of the Wellness Center to provide parents with some helpful tips on making healthy lunch and snack choices when selecting food items for their children returning to school this new school year.
In January of this year we achieved a major H4H milestone by tapping into the great waste resource at the Nassau port: cruise ships! We excitedly report that Norwegian Cruise Line (NCL) has paved the way for other socially responsible cruiseliners to make donations. The best part about this partnership? It was spearheaded by the awesome NCL staff.
Freeport, Grand Bahama - Not just satisfied teaching a trade to Bahamians the management of Grand Bahama Shipyard Ltd. (GBS) is also guiding their apprentices to give back to their community.
Commercial crime investigators have uncovered a new fake check scam targeting major supermarkets.
Head of the Business and Technology Crimes Unit of the Central Detective Unit (CDU) Assistant Superintendent Michael Moxey said yesterday that the scam is being backed by an organized crime ring.
Moxey said that while the group is well organized, suspects do not always succeed in passing off the fake checks to businesses.
So far police have discovered 40 fraudulent checks that were used at several supermarket chains in New Providence. According to Moxey, those involved in the scam go to food stores and purchase goods with the fake checks.
He said supermarkets often find out about the scam when attempts ar ...