Sushi for Christmas, as ECL bets on new fresh food offerings and price revisions
Caribbean Money Daily
Food and Beverage company Express Catering Limited (ECL) for the year 2023-2024 is reporting higher revenue flows from of the thousands of visitors and Jamaican travelers that depart Jamaica through the Sangster International Airport in Montego Bay, Jamaica.
It also provides food and beverage offerings for approximately 7,500 employees that work in the various support services at the airport.
With higher numbers of 2,655,128 passengers accessing the post
security departure lounge at the Airport, passenger numbers surpassed fiscal
2023 (2,439,598), reflected positively in consumer spend.
For the year, spend
per passenger was US$9.64, resulting in revenues of US$25,590,638, a more than
20% increase on fiscal 2023. Net Profit earned was US$1.4 million, translating
to EPS of 0.09 US Cents per share.
The company is meanwhile expecting a positive impact from a
new F&B addition. Expected to be opened during last quarter of calendar 2024 is a new
restaurant featuring a healthy “fresh casual” concept, serving signature
smoothies and frozen yogurts alongside menu items with a focus on fresh and
healthy options.
Included is one of the largest sushi companies outside of
Japan. The brand’s on-site Bento chefs prepare a selection of sushi, bento
boxes, ramen, poke bowls and more, management states. Guests can eat onsite or buy pre-packaged selections at any of
Express Catering’s Viva Grab and Go locations throughout the terminal.
ECL at year end May reported Total Assets stood at US$56.35
million, while Liabilities stood at US$48.9 million. Shareholders’ Equity was
US$7.4 million, up from US$6.0 million in the prior year.
The Group is the
franchise operator of the Jimmy Buffet’s Margaritaville Restaurant, Bar and
Retail Shops across the Caribbean and recently added the Bob Marley One Love
Experience to its franchise operations.
Caribbean Money Daily
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