Investments impact AML Foods'cash assets

Mon, Oct 18th 2010, 08:00 PM

By JAMMAL SMITH
Guardian Business Reporter
jammal@nasguard.com
AML Foods Limited's cash assets for the first six months of its financial year were down 89.2 percent to$234,000 with its President Gavin Watchorn attributing the decline to expenditure related to investments and"timing"with accounts payable balances."
The company, which owns Solomon's Super Center, Cost Right, and the Domino's Pizza franchise, saw its cash assets drop$1.94 million since the beginning of the period. With the recent opening of the Domino's Pizza restaurant in Coral Harbor, along with preparations for the start of construction of the near $5 million Solomon's Fresh Market, Watchorn said it ...

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