Sunday, April 14, 2024

Crane on $13m high


Share post:

THE CRANE IS “ABSOLUTELY NOT” in financial difficulty, its owner says, and, in fact, made a $13 million profit last year.

An upbeat Paul Doyle said the numbers were looking even better for the St Philip property this year. Early indications were that 2018 would also be a good year, he added. 23doylealmond

The Canadian investor gave the update in an interview following an article last week which referred to concerns raised by Trinidad and Tobago-based Caribbean Information Credit Rating Services Limited (CariCRIS).

Doyle said when he sold his Toronto home and development started at The Crane in 1999, “we had a very low equity of $364 000”. By the end of last year that equity had grown to $207 million. (SC)

Please read the full story in today’s Daily Nation, or in the eNATION edition.



Please enter your comment!
Please enter your name here

Related articles

Former Surinamese president Bouterse ineligible to enter United States

The United States on Friday imposed sanctions on former Surinamese President Desiré Delano Bouterse and six former Surinamese...

Gunners failed to fire against Villa

Aston Villa produced an outstanding performance to stun Arsenal at Emirates Stadium and leave Manchester City in pole...

Liverpool’s title hopes hit by loss to Palace

Andy Robertson insisted Liverpool will "keep fighting" despite their Premier League title hopes suffering a huge blow as...

Police: No plane crash

Police have discontinued investigations into reports of the discovery of a small plane in St John. Lawmen said a...