New Goodwill Co Ltd (New Goodwill) owns and operates a rum-bottling and distribution unit at Baie du Tombeau.
For the period 2017/18, the company’s turnover reached Rs 1,881 million, representing a 2.3% growth compared to the Rs 1,839 million turnover realised the preceding year. This was the result of higher sales prices further to an increase in excise duties.
On the other hand, the Company’s profitability fell by Rs 20 million to reach Rs 95 million, and the drop in profit was attributable to a lower gross profit margin achieved in the year under review and a lower fair value gain on its portfolio of investments, compared to the preceding year.
The share of profits attributable to EUDCOS amounted to Rs 33.4 million (2016/17 – Rs 30.9 million) and included the share of subsequent adjustment to results of New Goodwill for the preceding year.