Search results for : consolidations
Consolidated Water's second quarter revenue up 3.9
August 13, 2018
Consolidated Water's second quarter revenue up 3.9
Consolidated Water released its second quarter 2018 results last week, revealing that the revenue of the company's manufacturing segment nearly doubled "on an unconsolidated basis", even as $1.8 million year-to-date had to be dedicated to the refurbishment of the Windsor desalination plant here in The [...]
The post Consolidated Water's second quarter revenue up 3.9% appeared first on The Nassau G...
February 07, 2018
Flowers laments bank to consolidate web shops' revenue never created
CEO of FML Group of Companies Craig Flowers said yesterday that there is still more work to be done outside of a moratorium being placed on the number of gaming houses each operator is allowed to have, despite the government's recent efforts to ban the [...]
RBC announces branch consolidations
January 24, 2018
RBC announces branch consolidations
RBC Royal Bank revealed yesterday the consolidation of a number of its store locations, part of its "ongoing journey of transformation and innovation". Effective March 16, RBC's Robinson Road branch will be consolidated with its Carmichael Road branch; its John F. Kennedy Drive location with [...]
RBC: Employees impacted by consolidations have voluntary separation of employees program option
January 25, 2018
RBC: Employees impacted by consolidations have voluntary separation of employees program option
Royal Bank of Canada (RBC) Bahamas said the number of employees impacted by the recent consolidation of a number of its store locations is not "conclusive", since those persons would have been offered the option of a voluntary separation of employees program (VSEP). In a [...]
November 11, 2017
Refurbishment of fixed asset in Bahamas impacts Consolidated Water's gross profits
Consolidated Water (CW) has released its quarterly report, which revealed that its gross profits took a hit this year due to the refurbishment of a fixed asset in its Bahamas operation. CW's gross profit for its bulk segment in the three months ended September 30, [...]
The post Refurbishment of fixed asset in Bahamas impacts Consolidated Water's gross profits appeared first on The Nassau Guardian...
November 10, 2017
Refurbishment of fixed asset in Bahamas impacts Consolidated Water's gross profits
Consolidated Water (CW) has released its quarterly report, which revealed that its gross profits took a hit this year due to the refurbishment of a fixed asset in its Bahamas operation. CW's gross profit for its bulk segment in the three months ended September 30, [...]
The post Refurbishment of fixed asset in Bahamas impacts Consolidated Water's gross profits appeared first on The Nassau Guardian...
Slight revenue decline for Consolidated Water
August 15, 2017
Slight revenue decline for Consolidated Water
Consolidated Water (CW), the company responsible for much of The Bahamas' water supply through desalination plants, reported total revenues for the second quarter of 2017 at $15.3 million, which was slightly below the $15.4 million it reported in the year prior, according to the company's quarterly report.
Last year CW saw a shortfall in its revenue from The Bahamas and the Cayman Islands due to d...
March 16, 2017
Consolidated Water: Delays in collecting money from govt 'from time to time'
In its annual report to the U.S. Securities and Exchange Commission, Consolidated Water (CW) Bahamas revealed that from "time to time" it experiences delays in collecting money owed to it from the Bahamas government. As at last year, the Water and Sewerage Corporation (WSC) owed CW $11 million.
The report also revealed that the WSC owed CW $4.7 million in 2015. It explained, however, that CW has n...
January 31, 2017
Scotiabank consolidating back office support and collections
Almost two years after closing several branches throughout The Bahamas, Scotiabank is undergoing another restructuring that could mean the loss of some jobs within the "back office support and collections" areas of the bank, Guardian Business understands.
Scotiabank released a statement yesterday to Guardian Business outlining the bank's position, and explaining that it needs to consolidate those ...
Consolidated Water commits to Windsor Field overhaul
December 21, 2016
Consolidated Water commits to Windsor Field overhaul
Consolidated Water Co. Ltd., the BISX and Nasdaq-listed water supply company, has committed to an $8.9 million overhaul of the infrastructure at New Providence's Windsor Field plant, as a term of its recently signed letter of acceptance to oversee the island's water supply for the next 15 years, according to information acquired by marketexclusive.com.
Under the agreement, Consolidated Water, as p...
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