Our 2024 audited financial statements have been released.
Cave Shepherd & Co. Limited earned a profit attributable to shareholders of $15.1 million for the year ended December 31, 2024. This figure was down from $15.8 million in the prior year, for a total decrease of $749 thousand (4.7%). It should be noted however, that prior year included the one-off pick-up of $2.5 million relating to the Company’s share of the surplus on the wind-up of the Company’s Defined Benefit Pension Plan.
The profit for this year equates to earnings per share (EPS) of $0.81, compared to EPS of $0.86 in 2023.
The solid profitability attained once again in 2024 reflects strong performances from all of the operating companies in the Cave Shepherd Group – Fortress Fund Managers, Payce Digital, SigniaGlobe Financial, DGM Financial, Ganzee Island Stores and Pick Up Taxi Inc.
More details available in the Annual Report.