Riddle me this, riddle me that – What Cable & Wireless Communications and Commercial Banks in the region have in common?
The financials for Cable & Wireless as at 31 March 2016 – recently gobbled up by Liberty Global plc – are published. See snippets from the financial which are of interest. A full read of the financials would make for interesting national discussion if were not so indifferent to distilling financial information. This is acerbated by a financially illiterate traditional media.
On page 5 CWC Reports Fiscal 2016 Results little Barbados dumped 181 million dollars into the coffers of the telecommunications giant CWC equaling the contribution made by Trinidad.
On page 48 of the Annual Report ended 31 March 2016 Barbados healthy contribution to the bottomline is reaffirmed.
Note on page 62 Barbados performance was realized not withstanding a hit of 48 million that includes a write off and impairment of 48 million.