Crane on $13m high
THE CRANE IS “ABSOLUTELY NOT” in financial difficulty, its owner says, and, in fact, made a $13 million profit last year.
An upbeat Paul Doyle said the numbers were looking even better for the St Philip property this year. Early indications were that 2018 would also be a good year, he added.
The Canadian investor gave the update in an interview following an article last week which referred to concerns raised by Trinidad and Tobago-based Caribbean Information Credit Rating Services Limited (CariCRIS).
Doyle said when he sold his Toronto home and development started at The Crane in 1999, “we had a very low equity of $364 000”. By the end of last year that equity had grown to $207 million. (SC)
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