The surge in profits of Barbados’ last remaining multinational conglomerate has continued in the company’s third quarter, as Goddard Enterprises Limited (GEL) released its nine months of consolidated, unaudited financial highlights.For the period ending June 30, GEL reported after-tax profits of $62.15 million, which was a massive 349.5 per cent jump over the $13.82 million reported for the comparable period in 2021.In the Board Review which accompanied the financials, chief executive officer Anthony Ali and chairman Charles Herbert, described the performance of the group as “strong” given that it came against the backdrop of the COVID-19 pandemic.“The group’s improved performance is mainly driven by a turnaround in our catering and ground-handling division which has recovered from a loss in the prior year and has exceeded all projections for the current year as revenues grew by 104.9 per cent over the comparative period,” Ali and Herbert told shareholders.
