Warm weather and new customers boost CUC profit

(CNS Business): Both the weather and an increase in customers helped to drive profits up for Caribbean Utilities Company (CUC) in the first quarter of this year, despite increased depreciation, maintenance and amortization costs, according to results released by the power provider on Grand Cayman. The firm also claimed that it had a 99.9% reliability rate for the first quarter of the year, despite several unexpected power outages this year.

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