DOMLEC reports increase sales but drop in profit in 2015

General Manager of the Dominica Electricity Services Ltd (DOMLEC), Bertilia McKenzie, says despite a challenging year, the company gained a 4.2 percent increase in electricity sales in the year 2015.
 
She revealed that the company experienced a drop in profit this time around as compared to the $14.8-million in 2014.
 
In 2015, the company recorded a net profit of $12.29 million and Mckenzie says the reason was due to increased taxation.
 
“The profit in the year before, in 2014, was higher,” she stated. “One of the things is that our net income [in 2015], before tax, was higher, but the tax was higher. We paid more tax in 2015 than we did in 2014.”
in 2015 Income before taxation was $16.8-million & amounted to $16.5-million in 2014. However, in that same year, tax amounted to $1.6-million, but grew to $4.5-million in 2015.
 
Meantime, McKenzie announced that the company plans to become a fully “clean and green” utility, by 2025.