Posted on

Crane on $13m high

SHAWN CUMBERBATCH, [email protected]

Crane on $13m high

Social Share

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. 23doylealmond

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)

Please read the full story in today’s Daily Nation, or in the eNATION edition.