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AML Foods Limited results for its second quarter ending July 31, 2013 - Sep 20, 2013 - 11:41:38 PM
 AML Foods Limited
announced today the results for its second quarter ending July 31, 2013,
recording a net profit of $171k, compared to $448k for the same period
in the previous year. Key indicators include:
• Sales growth of $5,513k or 18.0%;
• Increase in net margin dollars generated of 16.0% or $1,443k but a decrease in net margin percentage from 29.5% to 29.0%...
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AML Foods Vacancy: Marketing Manager - Jul 9, 2013 - 2:11:39 AM
Nassau, Bahamas - AML Foods is currently seeking applications for the position of
Marketing Manager.
The
Marketing Manager will develop and manage local marketing strategies,
plans and activities for the Company's franchise division.
Interested candidates must have a bachelor's degree in marketing and 3 - 5 years marketing experience.
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AML Foods Limited Raises $11,000 to help eradicate hunger - Jun 25, 2013 - 9:50:36 AM
Nassau, Bahamas - AML Foods Limited announced today that they were successful
in raising $11,000 for Hands for Hunger in New Providence and The Grand
Bahama Red Cross’ Meals on Wheels Program.
In recognition of
World Hunger Day, throughout the month of May, shoppers at Cost Right
Nassau, Solomon’s Super Centre, Solomon’s Fresh Market Old Fort Bay,
Solomon’s Fresh Market Harbour Bay, Solomon’s Lucaya, Solomon’s Queens
Highway, and Cost Right Freeport had the opportunity to add a donation
to their shopping bill to help eradicate hunger in The Bahamas...
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AML Foods Limited results for first quarter ending April 30, 2013 - Jun 21, 2013 - 1:32:29 AM
Nassau, Bahamas -
AML Foods Limited announced today the results for its first quarter
ending April 30, 2013, recording a net profit of $656k compared to $578k
for the same period in the previous year.
“We are pleased that
we are able to increase shareholder returns in our current economic
environment”, says Mr. Dionisio D’Aguilar, Chairman, AML Foods Limited.
“Due to strong management of our balance sheet during the quarter, we
saw a reduction in inventory investment and an increase in cash
balances...
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AML Foods Limited announce fourth quarter ending January 31, 2013 - Apr 8, 2013 - 11:07:28 PM
AML Foods Limited
announced today the results for its fourth quarter ending January 31,
2013, recording a net profit of $1.06m after pre-opening costs of $356k,
compared to $1.12m for the same period in the previous year, and YTD
net profit of $2.42m after pre-opening costs of $590k, compared to a
prior YTD net profit of $1.74m after pre-opening costs of $296k.
Financial highlights include:
• Total sales increase of $8.03m or 26.3% for the quarter and YTD $29.48m or 29.9%;
•
Gross margin dollars for the quarter were $11.4m or 29.6% of sales,
reflecting an increase of $2.37m or 26.3% over the same period in the
prior year. YTD gross margin dollars were $38.11m or 29.7% of sales, an
increase of $8.9m or 30.5% over the prior year...
News :
Bahamas Information Services Updates
New Solomon’s Fresh Market Represents ‘Secure Investment’ In Bahamian People, says Minister Rolle - Mar 22, 2013 - 2:36:17 PM
NASSAU, The Bahamas – Minister
of State for Investment in the Office of the
Prime Minister the Hon. Khaalis Rolle said, on March
21, 2013, that the grand opening of the new Solomon’s Fresh Market
represents a “secure investment” in the Bahamian people and the
eastern New Providence communities.
“It is meaningful, not only because it is necessary,
but because it is a Bahamian business significantly investing in its
country,” Minister Rolle said during the Grand Opening Ceremony held
that day at the Harbour Bay Shopping Plaza.
Minister Rolle said that investing in the Bahamian
people is something that the Bahamas Investment Authority believes in
and promotes every day.
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AML Foods Limited Announces Michael Moss as New Director - Jan 23, 2013 - 11:06:35 PM
Nassau, Bahamas - For immediate release
January 17, 2013: AML Foods Limited is pleased to announce the
appointment of Mr. Michael Moss, to the position of Director, effective
January 16, 2013.
“A significant portion of our business is
generated in the Freeport market and the Board of Directors believe it
is prudent to have a director who is based there, to offer advice and
provide local level insight on the market place”, says Mr. Dionisio
D’Aguilar, Chairman of AML, in announcing Mr. Moss’s appointment.
“Michael is an outstanding Bahamian businessman with vast experience in
operations and management and we are delighted that he has agreed to
join our board as a Director. We look forward to his expertise which
will undoubtedly bring significant added value to our board and
businesses in Freeport”...
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AML Foods Limited announce 3rd Quarter Results - Jan 21, 2013 - 6:43:38 PM
AML Foods Limited announced today the
results for its third quarter ending October 31, 2012, recording a net
profit of $374k compared to $60k for the same period in the previous
year and YTD net profit of $1.4m compared to a prior YTD net profit of
$623k. Financial highlights include:
• EPS of $0.02 for the quarter compared to $0.00 for the prior year period and EPS of $0.09 YTD compared to $0.04 for prior YTD;
• Overall sales increased $7.1m or 29.9% for the quarter and $21.5m or 31.4% YTD;
•
Increased gross margin dollars for the quarter of $2.2m or 30.9% and
YTD of $6.5m or 32.4% reflecting increased sales as well as improvements
in gross margin from 29.6% in 2011 to 29.8%;
Community
AML Foods Limited “Gifts for Good 2012” Assist Those in Need - Nov 30, 2012 - 3:03:58 AM
Nassau, Bahamas – Since beginning Gifts for
Good in 2009, AML Foods Limited, through our brands Solomon’s Super
Centre, Cost Right Warehouse Club, Solomon’s Fresh Market and Domino’s
Pizza have donated more than $130,000 to many deserving charities in New
Providence and Grand Bahama. These charities and groups perform great
work throughout our communities and we commend them for their efforts in
helping the less fortunate in our society.
“We feel that it’s
our corporate responsibility to give back and assist those in need in
our community”, says Renea Knowles, VP of Marketing &
Communications, AML Foods Limited. “The donations we provide are only
possible because of the great support and loyalty of our many valued
customers and we wish to thank each and every one of them for their
patronage throughout the years.
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3rd Annual Grand Bahama Shipyard Food Drive Launches Friday - Nov 22, 2012 - 12:44:47 PM
Freeport, Grand Bahama
– At a press conference held outside Solomon’s on Queen’s Highway, Carl
Rotkirch, CEO and Chairman for the Grand Bahama Shipyard (GBS),
announced the start of the company’s third annual food drive for the
holidays.
“What started as a spur of the moment idea 3 years ago
has become an island wide success,” said Rotkirch. “We are very excited
to launch this year’s food drive. Last year was a huge success and we
are pleased to be assisting the Salvation Army once again. The economy
is still struggling here and we want to do our part to support those in
our community who need some assistance...”
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Solomon’s Fresh Market Coming Soon to the Harbour Bay Shopping Plaza - Sep 20, 2012 - 4:13:50 PM
Nassau, Bahamas - Ten
months ago, AML Foods Limited introduced Bahamians and the residents of
western New Providence to a one of a kind, world class grocery store,
Solomon’s Fresh Market. Now, the Company is gearing up to open another
location in the Harbour Bay Shopping Plaza, in December ofthis year.
“Our
customers have embraced the Solomon’s Fresh Market concept”, says Gavin
Watchorn, President and CEO, of AML Foods Limited. “From the moment
that we opened our doors we received numerous requests from residents in
the east to open a store closer to home. Bahamians...
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AML Continues Support for BESS Scholarship Programme - Aug 31, 2012 - 11:34:34 AM
Nassau, The Bahamas - To mark their continued
relationship of support, AML Foods, through their Solomon’s Fresh Market
Brand presented the Bahamas Environmental Steward Scholar program
(BESS) with a $5,000 donation. Renea Knowles, Vice President of
Marketing and Communications for AML Foods, presented the check to a
grateful group of scholarship award recipients and partners, which
included Franchesca Bethell and Cristina Roberts 2012 BESS students
Trueranda Cox, (BESS alumnae 2010), Garneisha Pinder (BESS alumnae
2010), Charlene Carey...
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Star winner for Solomon's Fresh Market design - Jul 15, 2012 - 5:46:12 PM
Nassau, Bahamas –
Construction Design Services Ltd., a pioneer Bahamian architect company,
headquartered at Lyford Cay Shopping Centre, New Providence, Bahamas,
in a collaborative effort, has won the prestigious Star Building
Systems- 2011 Master Builder Award voted Best of the Large Commercial
Category for Solomon's Fresh Market.
Construction Design
Services consists of a proficient executive team with over 50 years of
combined experience and is headed by Stefan P. Russell, who previously
held the position as COO has recently been named...
Community
BESS Brings in Bahamian Support with Solomon's Fresh Market Donation - Aug 19, 2011 - 1:48:46 PM
Nassau,
The Bahamas - Finishing high school for some marks the
end of an academic journey, a time to start looking for a job. For a
handful of them however, it marks the beginning of a new journey that
prepares them to be leaders in The Bahamas and stewards of the
environment. The Bahamian Environmental Stewards Scholarship (BESS)
programme is designed for students who have finished High School and are
interested in the marine sciences. Those selected to the programme
participate in a 14-week course at The Island School living on a
sustainable campus, learning about the marine environment, and taking
part in on-going research projects. Participants go on to complete a
four-month internship with a conservation minded organization, such as
Bahamas National Trust, The Nature Conservancy, or the Bahamas Reef
Environmental Education Foundation (BREEF)...
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Motherhood Has Its Rewards at Solomon's! - May 25, 2011 - 9:54:26 AM
Nassau, Bahamas -
Mrs. Edreisa Johnson,
mother of two was the lucky winner of a laundry list of prizes valued
over one-thousand dollars. This past April, Solomon’s Super Center
launched its Mother’s Day promotion with a different twist. The
competition was opened to mothers in Nassau and Grand Bahama where they
were invited to share their thoughts of motherhood in a fifty word
essay. Mrs. Johnson’s essay was selected over more than one hundred
entries, resulting in her walking away with a stainless steel Movado
watch, a bouquet of flowers, Blackberry cell phone, basket of popular
fragrances, gift certificate for a day at the spa, and a gift
certificate from Solomon’s Super Center...
Community
“Gifts for Good” raises a total of $40,000 for charities - Oct 14, 2010 - 11:56:05 AM
Nassau, Bahamas – AML Foods Limited, announced today
that they were successful in raising $40,000 during their recent “Gifts
for Good” program, in support of twenty local charities in New
Providence and Grand Bahama. The program ran during the month of
August and each of the charities received $2,000.
President and CEO, Gavin Watchorn said, “Although we fell short of our
initial goal by $10,000, we are still very pleased with our overall
efforts. AML Foods Limited initially agreed to match the donations
collected up to $25,000, but the response we received highlighted the
tough economic times that we are facing and the great need of many in
our communities. Because of this we decided to increase our donation
to $30,000. We are indeed happy that we were still able to meet the
challenge...
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Help Support a Local Charity through Gifts For Good! - Aug 25, 2010 - 7:58:08 PM
New Providence / Grand Bahama, The Bahamas - AML announces
"Gifts for Good", as charity begins at home...
For
the entire month of August
make a $1 donation when shopping at any of
our Solomon's, Cost Right, or Dominoes locations and we will match your
donation up to $25,000.
Our goal is to give away a total of $50,000 to one of the following 20 charities...
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Extra savings at Solomon's Freeport, expires Sunday Nov 29th - Nov 22, 2009 - 9:00:50 PM
Click here to see all our great EXTRA Savings for Grand Bahama Island and remember, for Weekly Savings you need only click our logo on each and every page of TheBahamasWeekly.com! Check the left column!
Do you want these specials to be emailed directly to you through Bahamas E Marketing? It's EASY, CONVENIENT, and COMES DIRECT to you! Sign up now for Bahamas E Marketing...
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Shopping Sprees and appliances go to lucky Solomon’s shoppers! - Nov 9, 2009 - 9:28:41 AM
Freeport, Grand Bahama -
Ms. Greta Moss-Bain and Ms. Sharon Wallace are the lucky
winners of a $450.00 shopping spree at Solomon’s – just for purchasing eligible
Bounty and Charmin products. Ms. Tamika Cooper was another lucky winner –
winning a brand new washer & dryer – just for buying eligible Gain and
Febreze products!
“We’re very excited about giving our customers more than
everyday low prices and special price cuts. With promotions like these; it’s
our way of saying an extra-special thank you to our customers who shop with us
every week,” said Mr.
John Scott
General
Manager...
News :
Local
Abaco Markets Limited changes name to AML Foods Limited - Sep 2, 2009 - 6:55:33 PM
The Bahamas - Heralding
the start of a new era of growth and development, Mr. Gavin Watchorn, President
and CEO, announces effective immediately, the renaming of Abaco Markets Limited
to AML Foods Limited.
The name change,
which had been approved by the Company’s shareholders at their July 21st
Annual General Meeting, was recently formally approved by the Registrar of
Companies.
The
Company has its roots and origins in Abaco, having been established there in
1989 when a local group launched an initial public offering. As the Company
grew its operations in New Providence and Grand Bahama, the use of the word ‘Abaco’
became less appropriate.
With the
divestment of Cost Right Abaco in March 2009...
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