The directors of Caribbean Flavours and Fragrances are reporting a 146% increase in net profits after tax to $38.2 million on a 36% spike in revenues to $264.5 million during the quarter which ended on September 30 when compared with the same period of the previous year.
This is despite a 30.1% jump in its finance cost to $4.3 million this year.
The company also recorded net profits of $120.2 million on revenues of $793.7 million during the nine-month period which ended on September 30.
These figures represented massive increases when compared with net profits after tax of $68.4 million recorded on revenues of $642.2 million during the nine month period of the previous year.
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