{"id":3271,"date":"2010-10-20T07:58:00","date_gmt":"2010-10-20T11:58:00","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=3271"},"modified":"2010-10-20T07:58:00","modified_gmt":"2010-10-20T11:58:00","slug":"abaco-markets-profits-plunge-70-percent","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2010\/10\/abaco-markets-profits-plunge-70-percent","title":{"rendered":"Abaco Markets Profits Plunge 70 Percent"},"content":{"rendered":"<p>Abaco Markets Ltd. is reporting\u00a0 that third quarter figures are &#8216;on target&#8217; despite a 70% drop in profits for the first half of its fiscal 2011 year.<\/p>\n<p>Chief Executive Gavin Watchorn said the company was &#8220;pleased to remain in the black and continue putting profits to the bottom line&#8221;.<\/p>\n<p>Net income for the six months to July 31, 2010, fell from $2.22 million in 2009 to $665,000, with a similar 68.3 per cent drop in the second quarter &#8211; from $1.177 million to $373,000.<\/p>\n<p>Mr Watchorn said the BISX-listed food group, which owns the Solomon&#8217;s SuperCentre and Cost Right stores in Nassau and Freeport, plus the Domino&#8217;s Pizza franchise, would remain profitable for the remainder of this fiscal year.<\/p>\n<p>This, he indicated, would put the food retail group in a position to pay its shareholders another dividend subsequent to year-end, although this would ultimately be a decision for AML Foods&#8217; Board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abaco Markets Ltd. is reporting  that third quarter figures are &#8216;on target&#8217; despite a 70% drop in profits for the first half of its fiscal 2011 year.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[23],"class_list":["post-3271","post","type-post","status-publish","format-standard","hentry","category-business","tag-food"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/3271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=3271"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/3271\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=3271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=3271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=3271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}