CUC earnings boosted by hot weather

| 02/08/2016 | 0 Comments
Cayman News Service

CUC’s new generator

(CNS Business): Sales were up by 7% for CUC during the second quarter of 2016, the firm has reported. While this was partly due to a slight increase in customer numbers, the main factor was the warmer weather, as the average temperature for the period was up by almost a full degree and people turned up the air conditioning. Net earnings for Grand Cayman’s monopoly power provider were up by $2 million when compared to the same three months last year. Although CUC’s new generator began operating during the reporting period, the firm struggled with service and the company president admitted that customers experienced several outages in June.

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