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JIS News

Caymanas Track Limited (CTL), operators of Caymanas Park racetrack, in St. Catherine, recorded a turnover of $4.82 billion in 2009, an 11 per cent increase over the figure of $4.35 billion recorded in 2008.
Making the disclosure on (December 1) post-Cabinet press briefing at Jamaica House, Minister with responsibility for Information, Telecommunications and Special Projects, Hon. Daryl Vaz informed that this level of turnover was the highest achieved in the history of the company.
“The amount of dividends returned to punters was $3.37 billion, an increase of 11 per cent over the 2008 figure of $3.04 billion,” he pointed out.
Minister Vaz said that CTL recorded a net profit of $320,000 in its operations, compared to the net loss of $34.82 million recorded in 2008.
The Minister of Finance and the Public Service, Hon. Audley Shaw, provided Cabinet with the 2008/2009 annual report of Cayamans Track Limited, which will be tabled in the House of Representatives at a later date.