Massy Holdings Ltd on Monday declared after-tax profit attributable to the owners of the parent of TT$322.26 million for the nine months ended June 30, 2026, a 35.6 per cent decline compared to the TT$500.47 million the group earned for the prior period.
According to the Trinidad Guardian Massy’s profit figure for the period October 1, 2025 to June 30, 2026, included a loss of TT$120.79 million from discontinued operations.
In his statement, Massy chairman Robert Riley indicated that most of the loss was a result of the sale of Massy Distribution (Jamaica) Ltd.
“The sale of Massy Distribution (Jamaica) advances our strategy of concentrating capital where Massy is best positioned to achieve attractive long-term returns. The transaction, presented within discontinued operations, resulted in a TT$109.7 million accounting loss on disposal, principally reflecting the reclassification through the profit or loss of TT$137.3 million of accumulated foreign-currency translation losses. This was an accounting consequence of the disposal rather than a current cash outflow,” said Riley.
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