Georgetown : The Demerara Distillers Limited Group (DDL) recorded an after taxation profit of $1.140 billion in 2010, marking a 10 percent increase over 2009.
Chairman of DDL’s Board of Directors Dr. Yesu Persaud in his report said that the group turnover increased from $12.4 billion in 2009 to $13.7 billion in 2010, a 10 percent increase also.
Dr. Persaud noted that the Group is now well positioned to expand distribution of its branded products internationally. Despite the unfavorable global market conditions, the Company achieved a combined growth in volumes of over 145% over 2009 in North America, Europe and the Caribbean. This commendable performance is a result of the continuing investments in marketing activities internationally which showcases the premium nature of DDL’s products and its outstanding quality.
