Three months after becoming third Small and Medium Enterprise (SME) to be listed on the Trinidad and Tobago Stock Exchange, Eric Solis Marketing reported after-tax profi of $1,144,326 for the first half of its 2025 financial year (May 1–October 31, 2024).
In the company’s financial summary for the period, which was posted to the Trinidad and Tobago Stock Exchange (TTSE) yesterday, Solis said it closed the first half of the year with a cash position of $10,694,219, due in large part to the proceeds of the Initial Product Offering connected to its listing on the TTSE.
However, Solis chair Angella Persad said the profit was “lower than the net profit posted in the corresponding period of the 2024 financial year, due to reduced revenue as well as an increase in administrative costs driven by additional warehousing and compliance costs connected with the IPO. “
The company is best known for the sale and rental of multi-function printers and photocopiers as well as the provision of software to manage print costs and offer remote device monitoring.
“While the demand for new multi-function devices has been slower than in the same period last year due to a cautious economic outlook as well as delays in tender results, I am happy to report that our Samsung line of digital display devices is already gaining momentum following an open house hosted in November for over 50 target customers. We sold our first devices during this period and are pursuing several active leads. We are excited about the new Samsung line as the prospects for growth are meaningful. It also provides a diversified customer segment for Solis as it targets the retail and quick-service restaurant markets.”
In September, SOLIS was listed on the TTSE, joining CinemaOne, which was listed in November 2018 and Endeavour Holding Ltd, which was listed in December 2019, as the only SMEs on the TTSE.
