Tourism

WICO Reports Financial Gains and Cruise Growth Amid Ongoing Infrastructure Projects

The West Indian Company (WICO) is making steady financial progress, as revealed during Friday’s board meeting where Chief Financial Officer Charlene Turnbull and CEO Anthony Ottley provided updates on revenue, operating income, and upcoming cruise activity. “We're trending in the right direction for 2025,” said Turnbull as she presented the company’s financial report. Despite revenues of $2.25 million this quarter—slightly lower than the $2.3 million recorded for the same period in 2024—WICO’s operating income saw a $285,000 increase. Additionally, net losses were significantly reduced, standing at $206,000 compared to the $708,000 loss from the previous year. Turnbull also reported that WICO had $9 million in cash on hand for the first quarter of 2025, including $685,000 in unrestricted cash. “We hope that 2026 will be even more promising,” she concluded. CEO Anthony Ottley echoed Turnbull’s optimism. “We are slowly edging our way back to normalcy,” he said, reporting that cruise pa...