Tobacco.org

Puffin' profits 

THE West Indian Tobacco Company (Witco) is not worried about any negative economic fallouts of a possible ban on smoking in public places. This confidence on the part of the country’s leading tobacco manufacturer could be attributed to its “smoking” profits over the last five years. These figures were announced at the company’s recent annual general meeting at the Crowne Plaza Hotel in Port-of-Spain.

From 2002 to 2006, Witco’s profits before taxation were $113, 626M, $122,620M, $139,756M, $157,964M and $194, 362M respectively.

Even after tax, those figures still looked healthy: $75,854M, $88,062M, $98,197M, $115,748M and $143,733M respectively. In terms of domestic revenues from 2002 to 2006- $362M, $373M, $417M, $458M and $520M — the figures also made good reading.

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