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BASSETERRE, ST. KITTS, JULY 25TH 2017 – The decline in the construction sector as reported by TDC in its 2016/2017 Report, was predicted by the former Head of the International Monetary Fund (IMF) Mission to St. Kitts and Nevis, Ms. Judith Gold.

During a visit to St. Kitts and Nevis in 2015, Ms. Gold told reporters that the St. Kitts and Nevis economy was soundly established and grounded, as a result of the unprecedented construction boom that will continue for the next two to three years as a result of several projects initiated by the past St. Kitts-Nevis Labour Party Administration of the Right Hon Dr Denzil Douglas.

BASSETERRE, ST. KITTS, JULY 25^TH 2017 – Although making a pre-tax profit of EC$12.9 million for the year 2016/2017, the TDC Group of companies is reporting mixed performances in several departments. The company made a profit of EC$5.4 million in 2016.

In its annual report sent to shareholders ahead of its Annual General Meeting on July 31st 2017, TDC reports good performance in the Automobile Divisions (St. Kitts and Nevis), City Drug Store(Nevis) Limited and TDC Business Centre (St. Kitts); FINCO, TDC Airline Services Ltd and TDC Services (Nevis) Ltd.