BICO reports modest loss

Local Ice Cream Manufacturer BICO Limited is reporting a financial loss despite growing its revenue over the past year.

This is due to persistently high energy costs and the escalating cost of imported inputs.

The company’s executive chairman Edwin Thirlwell, who at 90 years old is proposed to be re-elected for a one-year term, said that BICO’s operations were also being impacted by an accounting standard revision implemented in 2024.

This information is detailed in BICO’s annual...