Tue | Dec 10, 2019

Carib Cement dividend disgrace

Published:Saturday | October 12, 2019 | 12:15 AM

THE EDITOR, Sir:

Caribbean Cement Company, manufacturer of cement to the country, prided itself as a source of good investment.

I believed this and put hard-earned cash into its hands. At first, we received small dividend payments. This situation changed when Caribbean neighbours Trinidad got their hands on it.

Revenues increased, especially when by-products such as clinker found an external market, including bulk cement.

Invoicing was all external to Jamaica, as were payments. This did not stop the boasts of mega profits. Yet still, no dividends have been provided to Jamaican investors. This situation is a disgrace.

JOHN W. GEORGE

Kingston 8