Dolphin Cove reported a sharp decline in first-quarter revenue and profit as Jamaica's tourism sector continued to recover from the effects of Hurricane Melissa.
For the three months ended March 31, the company recorded revenue of US$2.5 million, down 39 per cent from the corresponding period last year.
Net profit also fell 83 per cent to US$142,000.
Dolphin Cove says visitor arrivals remained below prior-year levels due to reduced airlift capacity, delays in the reopening of some hotels and lower room inventory across key resort areas.
These factors affected attendance at both Dolphin Cove and Yaaman Adventure Park.
Despite the decline in revenue, the company remained profitable and generated positive operating cash flows during the quarter.
Management says the result was supported by a partial reversal of impairment allowances and continued efforts to reduce costs and improve working capital management.
Dolphin Cove says it remains confident in Jamaica's long-term tourism prospects and expects visitor arrivals to improve throughout the remainder of 2026.
comments powered by Disqus
All feeds







