NASSAU, BAHAMAS — The Water & Sewerage Corporation continues to make intermittent payments on its debt to its main supplier, having paid some $18 million since January. According to Consolidated Water, accounts receivable from the WSC totaled approximately $21.3 million at the end of October. The BISX-listed company in its 10-K filing with the US […]
NASSAU, BAHAMAS — The Water & Sewerage Corporation’s (WSC) main supplier said yesterday that so far it has received nearly $15 million towards the corporation’s outstanding debt, which was just over $21 million at the end of its second quarter. David Sasnett, chief financial officer of the BISX-listed, Cayman-headquartered water solutions provider, said during a […]
NASSAU, BAHAMAS — Consolidated Water recently noted that delays in collecting on nearly $20 million in receivables from the Water and Sewerage Corporation (WSC) have adversely impacted the liquidity of its Bahamas subsidiary. The BISX-listed water supplier, in its annual year-end 10-K filing with the US Securities & Exchange Commission (SEC), noted: “CW-Bahamas’ accounts receivable […]
