Tourism attraction Margaritaville Turks has recorded another quarter of financial losses.
For the first three months of its 2021/2022 fiscal year, the company registered a net loss of US$282,000 - this was
an improvement from the US$438-thousand loss reported in August 2020.
The company earned no revenue, except for funds from the disposal of items to prevent spoilage.
Margaritaville Turks says the return of cruise ships will strengthen its rebound.
Caribbean Cream earned less profit at the half year mark compared to the same period in 2020.
For the six months to August 31, the company earned net profit of $61. 4 million down from $74 million last year.
However, revenues for the period were up $143 million, amounting to just over $1 billion
Caribbean Cream says increased administrative expenses and the no movement days weighed heavily on its results.