NASSAU, Bahamas — AML Foods Limited is working to guard against a bottom-line impact threatened by the recent increase in value-added tax (VAT), the high cost of doing business, increasing competition and the country’s planned accession to the World Trade Organization (WTO) the company states in its 2017 annual report.
AML President and CEO Gavin Watchorn said in the report that the 2017 results fell below expectations as a result of one-time expenses that included “the closing costs for Carl’s Jr., pre-opening and initial losses at our new Yamacraw store and the write-off of goodwill wind-up on one of our operating units”.
Watchorn said there is also an air of uncertainty in the wider retail environment due to the aforementioned concerns. https://thenassauguardian.com/2018/09/04/aml-preparing-to-face-upcoming-challenges/
