Previous Thread
Next Thread
Print Thread
Record Profits for BWS - Non revenue water down #387393
09/09/10 08:28 AM
09/09/10 08:28 AM
Joined: Oct 1999
Posts: 67,609
oregon, spr
Marty Offline OP

Marty  Offline OP
[Linked Image] Belize City’s Best Western Belize Biltmore Plaza Hotel was the venue for the 9th Annual General Meeting (AGM) of the Belize Water Services Limited (BWSL) on Friday August 27. The highlights of the event were reports on the state of the majority Government of Belize owned company, presented by the Chairman of the Board of Directors, Herman Longsworth and by the company’s Chief Executive Officer, Alvan Haynes.

In his report, Chairman Longsworth informed that “The Company increased its overall profits in the reporting period by 136% from 2.069 million dollars in 2008/09 to 4.878 million dollars in 2009/2010. “This increase in profits was, for the most part,” informed Chairman Longsworth “a result of exemplary efforts of the Management and Staff at reducing cost by 5.2%, from 27.604 million dollars to 26.169 million".

Chairman Longsworth went on to inform that “despite an increase of 2.3% in the volume of water consumed by our customers over the previous year, the company managed to decrease water production by 4.3%. “This” he said, “is a direct result of the most commendable efforts of the Operations Department and in particular the Non-Revenue Water section of that department.” “The amount of Non-Revenue Water has gone down from 34.5% last year to 29.4% this year. This remarkable improvement”, he informed “has resulted in BWS’ Non-Revenue Water becoming a model in the region and in other parts of the world.”

In terms of capital investment, the Chairman informed that the “Caye Caulker water project was completed; extensive upgrades were done to the distribution network on the south side of Belize City. Systems were expanded in Belize City, Belmopan, Punta Gorda, San Ignacio and Benque Viejo Town. Other improvements and refurbishments were done to existing assets throughout the country.”

Apart from the hard work and dedication displayed by the Board of Directors, Management & Staff, “The success of the company”, informed Chairman Longsworth “is also due in large part by the unwavering support received from the Government of Belize who this year, for a second consecutive year, elected to forgo its dividend as the majority shareholder allowing for the historic payment of 15 cents per share to minority shareholders.”

For his part, apart from reiterating remarkable achievements of the company this year, Chief Executive Officer, Alvan Haynes informed that “The Company has achieved its highest profit to date, primarily due to successful efforts to reduce costs.” CEO Haynes additionally informed that “The main contributor, Water Sales Revenue of 30.5 million dollars, up from 29.563 last year, increased by 3.2% driven by an increase in the volume of water sold. The company ended the year with 45,537 active customer connections which went up from 44,610 last year.”

On the operations side, CEO Haynes informed that “Due to aggressive leak detection and the success of pressure management exercise, the Company’s water production for this financial year decreased by 4.3% from 2,801 million US gallons last year to 2,679 million US gallons this year. This reduction” said CEO Haynes “resulted in decreases in electricity and chemical consumption during the year.” CEO Haynes informed that "the increase in revenue due to increased reduction in water loss (Non-Revenue Water) resulted from the Company’s aggressive monitoring and proactive search for leaks, illegal connections and pressure management exercises. It also represents the lowest Non-Revenue Water record in the Company’s nine year history.”

Another highlight of the event was the raffling of several fabulous prizes including a round trip to anywhere in the continental USA plus $500 cash, a washer, a 42” flat screen television set, cellular telephones, among other prizes.

The Guardian

Re: Record Profits for BWS - Non revenue water down [Re: Marty] #387431
09/09/10 11:53 AM
09/09/10 11:53 AM
Joined: Mar 2003
Posts: 2,160
San Pedro
Phil Offline
Phil  Offline
.............and where is the sewage system for Boca del Rio from the round-a-bout to the bridge and the water for San Mateo project?????? A year of digging up roads and laying pipes and now nothing for a year.

Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
Maruba Beach Klub and Spa is the premiere Secret Beach spa and restaurant located on the crystal blue waters of the Caribbean Sea at the center of Secret Beach, Belize
First Class Accommodations for the Budget Traveler

Things to do

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
iTravel Belize
Paradise Theater
San Pedro Fun Finder
Paradise Guy Event Calendar
Cayo Event Calendar

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Belize Happy Adventures
Conch Creative
Caribbean Culture & Lifestyle
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
ShoutChat Box
Who's Online Now
1 registered members (bobcat bill), 157 guests, and 0 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Most Online2,982
Jan 29th, 2019 HELP! Visitor Center Goods & Services San Pedro Town Message Board Lodging Diving Fishing Things to Do History Maps Phonebook Belize Business Directory Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.1