RBTT’s shareholders’ profit climbs to $556M

The RBTT Group yesterday declared a profit attributable to shareholders of $556 million for the first nine months of 2003 ending September 30, representing an improvement of $167 million or 43 percent over the corresponding period in the previous year.

This put earnings per share at $1.63 as compared with $1.14 in the previous year. According to a release, RBTT subsidiaries in the Dutch Caribbean, Surinam, Jamaica and TT have produced excellent results, exceeding their financial targets. The release noted that although weak business conditions in the Eastern Caribbean continue to impact negatively on operations there, the Group still expected improved results from these subsidiaries in the final quarter. Peter July, Group Chairman, RBTT Financial Holdings Limited, noted that the prognosis was for Group earnings to continue to improve through the final three months of the fiscal year, which ends in March 2004.