← News Wed Jun 25, 2014 - 6:14 pm - 0 comments

Dolphin Cove to roll out US$6-m expansion in 2015

Dolphin-Cove

MARINE park operator Dolphin Cove expects to spend some US$6 million ($660 million) initially to develop its three overseas locations in two Caribbean territories, management indicated.

It also expects to start night shows at its Ocho Rios venue, starting next month. That will increase the revenue- generating hours per day.

“[It will] cost between US$4 and US$6 million in total for the development of the three new locations,” Stafford Burrowes, chairman and chief executive officer at Dolphin Cove, told the Observer following the annual general meeting held at the Courtleigh Hotel in Kingston on Monday. “We don’t want to bite more than we can chew.”

The company currently operates a relatively low debt model with $1.9 billion in total assets with some $500 million in total liabilities, according to March first quarter 2014 results.

Published in the Jamaica Observer
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