CariCRIS - Caribbean Information and Credit Rating Services Limited

2017 was a mixed year for Caribbean countries. Although more stable than in 2016, the overall macroeconomic situation in the region remained vulnerable and exposed to the impact of climate change and natural disasters. Notwithstanding this overall difficult operating environment, I am pleased to report that Caribbean Information and Credit Rating Services Limited (CariCRIS) had another successful year, albeit with reduced profitability due to rising costs. The Company recorded total revenue of USD1,254,148 in the year ended 31 March 2018, in line with revenue for the prior year of USD1,248,725, and a profit after tax (PAT) of USD153,980, down by 18% (USD34,553) from the PAT of USD188,533 achieved in the prior year.