Express Catering Reports Higher Profit and EPS Despite Slight Dip in Spend Rate
Express Catering Limited (ECL), the operator of restaurants and bars inside Montego Bay’s Sangster International Airport, has posted stronger first-quarter results for fiscal 2026. The company achieved higher net profit and earnings per share (EPS) despite a marginal decline in passenger spending. Key Details For the August 2025 quarter, Express Catering recorded a net profit of over US $1.5 million , up from US $1.0 million a year earlier. Earnings per share rose to 0.092 US cents , up from 0.062 US cents , marking a 50 percent increase year-over-year. Revenue reached US $6.8 million , compared with US $6.5 million in the prior year’s quarter, representing a 4.78 percent increase. The average passenger spend rate , however, edged down slightly to US$9.64 , compared to US$9.70 in 2024. The company credited its profit improvement to tighter cost controls and better supplier contracts. Its cost-of-sales ratio improved by 4.3 percentage points , falling to 25.65 percent from 29....