Firm in Focus - ICD Utilities
According to its latest released financial statements (March 31st), ICD reported positive earnings of $574K representing its 50% share of the Grand Bahama Power Company’s (GBPC) first quarter profits ($1,148K). Given GBPC’s decision mid last year to revise its rate structure, it is now widely expected that FY2013 should see ICD finally return to overall profitability on a sustainable basis. Effective July 1, 2012, GBPC increased its base rate to better account for its operating costs while also implementing a fuel surcharge; passing the cost on directly to consumers. FIF_ICD_Utilities_9-23-13_Web Click here for full Investment Update

CFAL, Third Floor, 308 East Bay Street, P.O.Box: CB 12407, Nassau, New Providence, The Bahamas. Tel: 242-502-7010