Search results for : Breweries
July 15, 2017
Commonwealth Brewery posts solid financial performance for 2016, devastating hurricane Matthew impact signaling a positive outlook for 2017
Commonwealth Brewery Limited (CBL), the industry?s leader in beer, wine and spirits distribution, served up optimism for 2017 despite a challenging economic situation for shareholders at the company?s 6th annual general meeting (AGM) June 20...
July 03, 2017
Commonwealth Brewery reports over 10M in costs from Hurricane Matthew
Commonwealth Brewery Limited (CBL) revealed in its latest annual report that it suffered business interruption and damage costs of over $10 million as a result of Hurricane Matthew.
The brewery, which is responsible for the production of popular beer brands such as Kalik and Heineken, lost around 20 percent of the roof at its Clifton Pier manufacturing plant; it also suffered equipment loss and "m...
May 17, 2017
New Commonwealth Brewery beverages boost revenue expenses impact net income
The launch of popular alcoholic beverages, such as Kalik Radler Cranberry and Pina Colada, contributed to a boost in revenue for Commonwealth Brewery Ltd. (CBL) in the first quarter of this year.
In its first quarter unaudited financials released yesterday, revenue increased by nine percent when compared to the same period last year.
The rise in revenue was impacted by new streams of revenue added...
April 28, 2017
Brewery reports lost sales of over 2 million following Hurricane Matthew
Commonwealth Brewery Limited (CBL) revealed yesterday that it incurred lost sales of over $2 million as a result of damage sustained to its Clifton Pier manufacturing plant following the passage of Hurricane Mathew. CBL also endured a loss in stock worth almost $2 million.
In the company's audited 2016 annual report, CBL experienced losses due to inventory destruction, property damage and lost sal...
April 11, 2017
Gold Federation and Bahamian Brewery launch SANDS BEER CUP
The Bahamas Golf Federation (BGF) has partnered with the Bahamian Brewery and Beverage Co Ltd (BBB) to hold a series of golf tournaments this year, leading to an overall winner of the prestigious SANDS BEER CUP, much like the PGA's popular FedEx Cup...
March 10, 2011
62.5 million Commonwealth Brewery IPO details revealed
With $8.33 a Bahamian can participate in the $62.5 million initial public offering (IPO) of Commonwealth Brewery Limited (CBL), and benefit from the company’s policy, rarely observed by equity issuers, of paying 100 percent of net income out as dividends.
The offering term sheet for the much anticipated IPO - the largest equity offering ever to Bahamians - was made public in a press
conferen...
Brewery 'preffered' higher IPO price
March 20, 2011
Brewery 'preffered' higher IPO price
By NEIL HARTNELL
Tribune Business Editor
COMMONWEALTH Brewery's managing director "would have preferred" to price the company's $62.5 million initial public offering (IPO), which launches today, higher than the $8.33 per share value stipulated by the Government.
While adding that "there's no point in crying over spilt milk", LeRoy Archer told Tribune Business in an exclusive interview that, if ...
March 22, 2011
Government makes more money from Commonwealth Brewery than they do
Commonwealth Brewery pays more in taxes to the Government per annum than it earns in profits, contributing $29 million to the Public Treasury in 2010, in what is effectively a 60/40 split with profits.
Given the $19.126 million net profit generated by Commonwealth Brewery in 2010, Michael Anderson, president of RoyalFidelity Merchant Bank & Trust, which is acting as placement agent for the comp...
February 22, 2017
Brewery CEO Hosts Minister & Media on Tour of 2 Million Dollar Expansion Project
Fresh off the heels of announcing a 2-million-dollar expansion to the Bahamian Brewery and Beverage Company, CEO Jimmy Sands hosted members of the media and government officials at the company?s Grand Bahama site to view the work currently being done at the Queens Highway facility...
February 10, 2017
Bahamian Brewery Announces $2 Million Expansion in Grand Bahama
While some companies and local residents are still in a recovery mode from the recent passing of Hurricane Matthew, Bahamian Brewery and Beverage Company Limited is expressing confidence in the economic climate of Grand Bahama by announcing a $2 million expansion...
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