Page 3 - Bahamas Waste inside pages

Message from the
Chairman
“Expenses decreased
by four percent and our net income was up by eighteen percent
2018 was the best year in the thirty year history of your Company. For the year 2018, the sales and services rendered increased by six percent as compared to the year 2017, in a non-remarkable year from a special project point of view, our expenses which includes cost of sales and direct expenses, and operating expenses decreased by four percent and our net income was up by eighteen percent. All of this is attributed to our outstanding staff from senior management to the helpers on the rear load vehicles. All proudly wear the uniform of our countries super environmental service company- BAHAMAS WASTE LIMITED.
In addition to the superior service provided to our customers the Company created value to its more than fifteen hundred shareholders as the share price rose from $3.34 in January to $4.90 at year end. Earnings per share were the highest ever ($.34) as were the dividends($.24). All in all a very good year.
During the course of the year we provided Government with a proposal for the management of the dump, and a waste to energy plant. We were not the chosen bidder for this work. We will continue to explore new avenues to improve the quality of our environment and to make this a better Bahamas for all residents and our tourist guests.
Peter Andrews Chairman
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BAHAMAS WASTE LIMITED
ANNUAL REPORT 2018