Dry weather and new customers boost CUC profits

(CNS Business): Grand Cayman’s monopoly power provider enjoyed a boost in profits during the second quarter of 2013 compared to 2012 after half as much rain fell in Cayman in the period this year against last year’s rain gauge. As well as making money from existing customers who were forced to crank up the air condition Caribbean Utilities Company also enjoyed a boost in sales from a 1% growth in overall customer numbers. For the three months ended June 30, 2013 the firm clocked up earnings of $5.7 million, an increase of $0.6 million over the $5.1million for the three months ended June 30, 2012. Read more on CNS Business