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- May 21, 2015 - 10:00:59 AM
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AML Foods Limited announces change of fiscal year end
- May 15, 2015 - 1:20:06 AM
Nassau, Bahamas - AML Foods Limited
announced today that it will change its fiscal year end from January 31
to April 30. This change will be effective 2016 which will result in an
extended year (15 months) for the 2015 fiscal year.
Watchorn, CEO and Group President of AML Foods Limited noted that,
“Currently we perform our planning during the very busy 4th quarter.
This change will enable our senior management to focus exclusively on
our operations during this traditionally busy period, and shift our
planning process to a period that will allow for better planning and
assessment for its Operations and Finance teams”...
AML Foods makes major donation to to The Salvation Army through their “Gifts for Good” program
- Dec 5, 2014 - 8:18:07 AM
Freeport, Grand Bahama - November 28th, 2014
Paula Stewart, AML Foods
Every year through our “Gifts for Good” program and our brands
Solomon’s, Cost Right Wholesale Club and Domino’s Pizza, we seek to do
our part and come to the aid of persons in need in the Freeport
to experience economic challenges and we want to do our part to help the
community that supports our brands on a daily basis, in any way that we
can. Freeport is home to our 300 plus Employees...
AML Foods donates Smart TV to Sir Charles Hayward Library
- Dec 3, 2014 - 8:54:39 AM
Freeport, Grand Bahama Island -
Remarks by Paula Stewart - AML Foods Financial Controller on November 28th, 2014:
is with great pleasure that Solomon’s, CostRight, Dominos, present
this 50” LG Television to the Sir Hayward Library, a company that has
shown dedication and loyalty, operating over 50 years within the Grand
We are truly delighted, knowing it will be beneficial to the Grand
Bahama community, offering assistance with presentations, documentaries
and keeping abreast of current affairs, while assisting with literacy in
Kicking off the 2014 Kettle Drive Corporate Sponsorship, AML Foods Limited donates $10,000 to the Salvation Army
- Nov 26, 2014 - 11:38:06 PM
Nassau, Bahamas - Renea Knowles, VP of
Marketing and Communications, said “Every year through our “Gifts for
Good” program we seek to do our part and come to the aid of persons in
need in the communities that we operate in. Recognizing that every year
the Kettle Drive helps countless individuals and families at Christmas,
as well as throughout the year, we decided to launch this year’s “Gifts
for Good Program” with a donation to the Salvation Army in Nassau and
“The Kettle Drive has been giving hope to many in the
Bahamas since 1931 and AML Foods through our brands Solomon’s, Solomon’s
Fresh Market, Cost Right Wholesale Club, Domino’s Pizza and Carl’s Jr.
feel it is important to support this worthy cause...”
AML Foods launches their Solomon's Community Care Program
- Mar 27, 2014 - 10:58:02 AM
Eligible groups are
given access to the grounds of Solomon’s retail stores as well as
customers to host community and fundraising events. So|omon’s agrees to
assist approved groups in promoting their event using a format that we
will determine - Facebook, e-blasts, website placement, in-store
advertising, radio or newspaper.
Financial sponsorship will also be considered but is not guaranteed.
Who is eligible?
organizations, community building, school and civic groups seeking to
raise funds and or bring awareness to their various programs and causes...
AML Foods Limited results for its third quarter ending October 31, 2013
- Dec 22, 2013 - 1:26:00 AM
AML Foods Limited announced today the
results for its third quarter ending October 31, 2013, recording a net
loss of $833k, compared to a net profit of $410k for the same period in
the previous year.
Mr. Dionisio D’Aguilar, Chairman AML Foods
Limited says, “Our results are reflective of significant challenges that
we are experiencing, both within our industry and the Bahamian economy.
Increased taxation directly impacted our business by approximately
$480k during the 3rd quarter, as a full period of increased business
license fees, customs processing fees and other increased taxes took
Domino’s Pizza re-brands its Port Lucaya restaurant to ‘Theatre’ concept
- Sep 25, 2013 - 12:37:45 PM
Nassau, Bahamas – September 19, 2013
Domino’s Pizza is proud to announce the re-branding of its Port Lucaya
Marketpace store to the Pizza Theatre Concept, giving customers a cinematic
view of the food preparation process. The newly renovated store officially
debuted on Saturday, September 14th, 2013 and includes many new and exciting
“Our décor has been substantially upgraded and we have
opened our back-of-house kitchen to allow our guests to view up close the
pizza-making process”, says Lageisha Miller, District Manager for Domino’s
Pizza, Grand Bahama. “It’s amazing to see the faces of our customers, especially
the children, as they observe their pizzas being made from start to finish.
Customers are able to see dough being tossed in the air in the spirit of the
original Italian art of pizza making, as well as witness the Domino’s team...
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%...
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 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.
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...
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
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...
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.
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”...
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%;
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.