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D&G reports jump in profits

Desnoes and Geddes has recorded a big jump in profit for the first half of its financial year.

Profit after tax for the six months to December 31 amounted to J$808 million up 59 per cent versus the corresponding period in the previous year.

This occurred despite net sales slipping two per cent to J$5.2 billion dollars.

The decline coincided with a reduction in cost of sales and marketing expenses.

D&G says its improved domestic performance was buoyed by its new product Tallawah and a strong performing spirits portfolio.



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