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Basseterre, St. Kitts – The St. Kitts Nevis Anguilla Trading and Development Company Limited (TDC) convened its 51st Annual General Meeting (AGM) on Tuesday, December 17, 2024, at the St. Kitts Marriott Resort in Frigate Bay.

Chaired by Chairman and CEO Mr. Earle Kelly, the meeting provided an overview of the company’s fiscal performance and operations for the extended reporting period from February 1, 2023, to March 31, 2024. The AGM was held under the theme “Empowering Progress” and was attended by shareholders, the full board of directors, and other stakeholders.

During the meeting, the Annual Report was presented, including the Directors’ and Board Committees’ reports. The presentation also highlighted the impact of TDC’s flagship Warren C. Tyson Memorial Scholarship, which has supported notable beneficiaries, including Prime Minister the Honourable Dr. Terrance Drew.

Financial Highlights

The financial report for the 14-month period, which marked the transition of TDC’s fiscal year-end from January 31 to March 31, revealed key achievements:

Particulars	31 March 2024 ($)	31 January 2023 ($)
Total Assets	459,262,973	448,774,703
Shareholders’ Equity	200,328,441	190,800,674
Profit Before Tax	15,763,307	8,374,790

Notably, the shareholders approved a 60% increase in dividends, raising payouts from $0.05 per share in 2023 to $0.08 per share for 2024. This translates to a total dividend payout of $4,160,000, compared to $2,600,000 the previous year.

Shareholder Engagement

The AGM facilitated dynamic engagement with shareholders, who asked pertinent questions and offered recommendations to support the company’s continued progress.

The board expressed gratitude to stakeholders, customers, and employees for their unwavering support, which has been instrumental in TDC’s sustained growth and success.

Celebrating Success

Following the business session, a cocktail reception allowed directors to engage shareholders in light yet meaningful conversations, fostering a sense of community and shared purpose.

The event underscored TDC’s commitment to empowering progress and reaffirmed its dedication to delivering value to shareholders, customers, and employees alike.