Basseterre, St. Kitts – The St. Kitts Nevis Anguilla Trading and Development Company Limited (TDC) held its 51st Annual General Meeting on Tuesday 17th December 2024 at 5:00 p.m. at the St. Kitts Mariott Resort, Frigate Bay. The Company was pleased to host its shareholders both physically and virtually.
The Annual Report featured the Report of the Directors, reports from Board Committees, Independent Auditor’s (Grant Thornton) Report and the Financial Reports of the Company. It also highlighted the impact the Company has had on the lives of some of the Warren C Tyson Memorial Scholarship scholars, including Prime Minister Honourable Dr. Terrance Drew. A copy of the report may be found on the Company’s website at www.tdcgrouplimited.com.
The Company’s Financial Report covered the fourteen-month period spanning February 1, 2023 to March 31, 2024 as it transitioned from a year-end of January 31 to March 31. Highlights of the results for the period under review follow:
Particulars 31 March 2024($) 31 January 2023($)
Total Assets 459,262,973 448,774,703
Shareholders’ Equity 200,328,441 190,800,674
Profit before tax 15,763,307 8,374,790
The shareholders approved the directors’ recommendation to pay a record dividend of 8 cents per share ($4,160,000), which is 60% higher than the 5 cents per share ($2,600,000) approved and paid in 2023.
Shareholders were fully engaged and participative, asked several pertinent questions and made recommendations. A cocktail reception followed the meeting at which directors were able to have further discussions with shareholders.
The Company thanks all its shareholders and customers for their continued patronage, and its employees for their dedication and commitment to providing excellent customer service that fosters continued growth and prosperity.
