Dolphin Cove Profit up 14%

Dolphin Cove’s profit for the September quarter, rose 14 percent to $109 million and for the nine months to September, its up a strong 25 percent to $397 million. Cost generally rose slightly faster than revenues, but that did not impair the results by much.
DCL fn -9-14 dataDirect cost 16 percent for the quarter and 18 percent year to date, administrative and other costs were up 18 percent for quarter, but was in line with revenues, at 15 percent for the nine months, to September. Margins were held for the quarter and rose for the nine months period. Revenues climbed 16 percent for the quarter, and 15 percent year to date. At the end of the financial year to December, earnings should be just over $1.20, for this major tourist attraction.
Attendant with the growth in profit, the company increase the amount paid out in dividend in 2014 over 2013.

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  1. […] principal shareholder of Dolphin Cove,” stated a late night release obtained by IC Insider. Dolphin Cove has total outstanding shares totaling 392.4 million. Burrowes and persons connected with him will […]

  2. […] Dolphin Cove reported a 4 percent increase in profit after tax for the nine months to September, of $412 million over 2014 and a 17 percent increase in the September quarter to $128 million over the similar quarter last year. Cash flow from operations increased by 26 percent to $486 million, compared to $385 million for the similar period to September 2014. Earnings per stock unit for the nine months amounts to $1.05 and 32.6 cents for the quarter and could end around $1.40 for the year, for the full 2014 year earnings was $1.12. “The improved results were largely reflective of a 10 percent growth in ancillary revenue and better receivables collections in 2015. There was also noticeable growth in the number of customers who visited our Hanover and Half Moon Parks and the Group also benefited from the devaluation in the Jamaican dollar in the third quarter, 2015 as most of our income is earned in United States dollars”. “Overall revenue grew by 5 percent although, as anticipated, there was a reduction in the number of hotel guests who visited the Ocho Rios Park given the temporary closure (for expansion) of one of the major hotels in this region. The resulting reduction in revenue and profit in this area was however surpassed by strong growth in the other operating segments and an increase in local business on account of our summer promotion which was introduced in September quarter, 2015”. “Increase in operating expenses was restricted to 7 percent, for the year to date and 6 percent for the third quarter and was primarily due to additional depreciation, which resulted from the revaluation of buildings. The staff benefited from salary increments, which came into effect in the latter quarter of 2014”, Stafford Burrowes, Chairman and Chief Executive Officer and William McConnell, Chairman of Audit Committee stated in a report accompanying the interim financials. An interim dividend of 15 cents per share will be paid in December quarter. This brings the total dividend declared to date to 45 cents and equals the same level of dividend which was declared as at September quarter, 2014. Property, plant and equipment jumped to $2.19 billion at the end of September from $1.11 billion at the end of September last year as revaluation surplus added $930 million. Revaluation and retained profits helped to swell equity to $2.7 billion while borrowed funds stood at $240 million. The company’s stock is traded on the Jamaica Stock Exchange and closed on Wednesday at $10 but with these results should be heading back upwards to the $13 range before long. […]

  3. […] end at $1.65, Derrimon Trading ended with 1,400 shares changing hands at a 52 weeks’ high of $3. Dolphin Cove lost $1.20 with 295,515 units changing hands to end at $10, after trading, the company reported a 4 […]

  4. […] changing hands, Caribbean Producers traded just 111,550 units with a loss of 5 cents at $2.30, Dolphin Cove closed with 4,144 units at $11.50, General Accident Insurance ended with 21,000 units changing hands […]

  5. […] offers. In trading, Caribbean Cream traded 20,000 shares and gained 9 cents to close at $1.80, Dolphin Cove traded 4,000 shares at $11.50, General Accident Insurance traded 24,000 units at $1.50 to gain 3 […]

  6. […] trading are, Caribbean Producers trading 700 units to close at $2.35 with an increase of 7 cents. Dolphin Cove trading 4,400 units at $11.50 while losing 50 cents. Honey Bun traded just 6,230 shares to end at […]

  7. […] Trading ended with 15,000 shares changing hands and closed at $2.65, for a gain of 5 cents, Dolphin Cove closed with 1,131 shares changing hands at $12.52, for a 38 cents decline, Honey Bun traded 5,000 […]

  8. […] another big leap to $19 with a gain of $6 but with 13,840 units, Blue Power rose 70 cents to $13, Dolphin Cove gained 85 cents to $13, while 62,000 shares traded and Lasco Distributors was up 23 cents to $1.85 […]

  9. […] to end 10 cents higher at $2.60, for a new 52 weeks’ high, the stock traded earlier at $2.70. Dolphin Cove traded 1,000 shares and closed at $13, General Accident Insurance traded 15,000 units with the price […]

  10. […] combined index was up 735.14 points to be at 105,044.36. The junior market index was at 1,024.90 Dolphin Cove fell 85 cents to $12.15, Gleaner Company traded at 63,082 shares and fell 56 cents to $2.17, Jamaica […]

  11. […] Power is now removed based on flat sales for the year to April and no immediate signs of a pickup. Dolphin Cove that was added in May last year and gained 48 percent is being moved to hold as revenues in the […]

  12. […] trading with 33,200 shares, the price inched up 1 cent to a 52 weeks’ high of $1.18 at the end. Dolphin Cove closed trading with 11,167 shares at a new high of $12 after gaining 50 cents, General Accident […]

  13. […] gained 1.83 points to close at 912.96, with the prices of 4 stocks advancing, 4 declining with only Dolphin Cove closing at 52 weeks’ high. At the close of the market, there were 6 stocks with bids higher than […]

  14. […] Caribbean Producers with 1,141,831 shares trading 22 cents higher at $3.10 after trading at $2.88, Dolphin Cove ending with just 100 shares changing hands to close higher by 55 cents at $10.75, for a new 52 […]

  15. […] Stocks trading in the junior market are, Consolidated Bakeries traded 3,234 shares at 82 cents, Dolphin Cove had 10,000 shares trading at $2.70, Eppley traded just 221 units unchanged at $380, Knutsford […]

  16. […] 8 securities that had no stocks being offered for sale. Stocks trading in the junior market are, Dolphin Cove had 100,598 shares changing hands to close higher 49 cents up to $9, Lasco Distributors ended with […]

  17. […] 8 securities that had no stocks being offered for sale. Stocks trading in the junior market are, Dolphin Cove closed at $9 after gaining 49 cents with 87,714 shares trading Lasco Distributors closed at $1.52 […]

  18. […] 7 securities that had no stocks being offered for sale. Stocks trading in the junior market are, Dolphin Cove closed at $8.51 after shedding 49 cents and trading only 102 units and Lasco Financial Services […]

  19. […] cent to $2.30, Caribbean Producers ended trading lower by 10 cents to $2 with only 3,000 shares and Dolphin Cove closed with 5,000 shares trading after falling 49 cents to […]

  20. […] the junior market are, AMG Packaging ending trading with 21,230 units and gained 9 cents at $2.31, Dolphin Cove closed with 637 shares while gaining 19 cents to $8.99, Lasco Distributors concluding trading with […]

  21. […] 5 securities that had no stocks being offered for sale. Stocks trading in the junior market are, Dolphin Cove closing with 16,610 shares while gaining 29 cents to end at $8.80. General Accident closed with […]

  22. […] in the junior market are, Access Financial traded 10.000 shares and closed 1 cent higher at $9.40, Dolphin Cove closed with 300 shares changing hands, 30 cents higher to $8.80, Lasco Financial traded 48,559 […]

  23. […] to end at $2.20, and lost 1 cents, Consolidated Bakeries with 105,314 shares closed at 82 cents, Dolphin Cove exchanged 5,300 shares and lost 30 cents to end at $8.50, General Accident closed up, by 11 cents, […]