UPDATE: DOMLEC rakes in over $14-million in profit for 2014

McKenzie announced the company's profit to the media on Friday
McKenzie announced the company’s profit to the media on Friday

Dominica’s sole electricity company, DOMLEC, is reporting a profit of $14.82-million in 2014 after tax.

This is over 67 percent increase from a profit of $8.8-million reported in 2013.

General Manager, Bertilia Leblanc- Mckenzie, said at a press conference held at the DOMLEC’s office in Roseau on Friday that the company’s profit was announced during an Annual General Meeting (AGM) held at Fort Young Hotel with its shareholders on Thursday.

“We had our Annual General Meeting yesterday at which we spoke to our shareholders about our performance in 2014,” she said. “We were pleased to report to our shareholders that DOMLEC made a profit, after tax, of $14.82 million, which is about 67.6 percent above that of 2013.”

According to Mckenzie, reasons for the profit include a two percent increase in electricity sales, a decrease in expenses by 11 percent and “miscellaneous revenue figure of $1.08 million which was insurance proceeds.”

She noted that the company suffered a crank shaft failure at a plant in 2013, “so we expended money on that and we got back the insurance proceeds of $1.08 million in 2014 which led to an increase in the profitability.”

She said the increase in profit was not based on a rise in electricity rates to customers.

“DOMLEC has not had a tariff review since 2007, so it cannot be said that DOMLEC has increased the rates to the customers,” she stated. “That has not happened at all. What I am saying is a company which performed in such a way, managed itself in such a way that it was able to decrease it expenses by 11 percent.”

Mckenzie stated further that there have been an increase in electricity sales, “and what we have seen is the fuel surcharge dropped in 2014 from a high in July of 14.09 cents to a low in December of 36.78 cents.”

She believes that when customers notice a reduction in the fuel surcharge, “they probably use some more electricity.”

“That’s what I attribute it to. I attribute this increase in sales to a drop in fuel surcharge and people are tempted to use more electricity, they will conserve more when the price is higher,” she explained.

She added, “I cannot apologize for a company that is well run, which was able to bring down its expenses by 11 percent. Given the fact that we have not had a tariff increase since 2007, so it cannot be said at all that electricity rates increased.”

Meantime Mckenzie revealed that in 2014 the company lost $240,201 to businesses that self generate elecricity such as operating Solar PV.

“They self generate and if they have excess supply, they are hooked up on our grid so they sell it to us, so that’s what happens,” she said. “So when they sell to us we have to pay them.”

Mckenzie reminds customers that the company is in the midst of a tariff filing review process, “and what we want for the customer is the least cost electricity.”

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  1. Let there be light
    March 20, 2022

    Dominica needs a more robust elelectricity grid& renewable energy programs, NOT increased tariffs. An efficiency analysis for DOMLEC is useful, but we already pay the highest rates in the region. Dominicans, give your input. IRC Please, include virtual access to the consultations. Do aggressive awareness before.
    The current govt policy should include investing seriously in solar energy. Solar is less complicated, faster to implement, Free energy and eqiupment is hgetting cheaper…barring cost impact from covid-19.
    We cannot continue to depend on one source of energy from a monopoly company controlled by a foreign entity in the 21st century. THAT should change. In the meantime, a solar pilot project must be started urgently..either in conjunction with DOMLEC or another company.These programs are well established in some countries already & should have been started at least 2 yrs after hurricane Maria during home repair. WE NEED CHEAPER, AFFORDABLE energy. Like water, energy is…

  2. flyhotstuff
    May 18, 2015

    DNO a high in July of 14.09 cents to a low in December of 36.78 would indicate that there has been an increase rather than a decrease. clarify please.

  3. Me
    May 18, 2015

    Why oh why has the government not taken Domlec back. That 14 million could have been in the government hands, but no this money has left the island and is now in the hands of who?
    Electricity, Water, Lpg gas, must be under the control of all governments around the world.

  4. May 18, 2015

    If they had upgraded their Poles and Lines,their profit margin would have been less. :lol:

  5. HELL with politic
    May 17, 2015

    Thanks to the UWP for selling domlec. That’s what you all should be protesting about.

  6. Annon
    May 17, 2015

    Domlec has even rendered Dominica a very dark place. From Roseau to Pt. Michel is so dark at night, it is my hope that they will light up the manager’s village at least to show some respect to her. Have you looked from Roseau south towards Pt. Michel at night? I rest my case. Hardly a third if the homes can kep a light on outside their homes for their own safety. My thanks to the IRC for defining profit level for Domlec, I hope this has teeth and Domlec will stick to it or face the courts.

    Before Domlec Dominicans were able to afford leaving a light on outside their homes, making our country a place you can take a walk after the sun goes down. Today the village councils can hardly afford to improve on the few street lights in existence. All the villages, including many parts of Roseau are very dark. What a shame. Solar panels are a must. Domlec should at least reinvest 6 out of that $14 mil on Dominica’s hydro they inherited and neglected, for the Good of all.

    • Charles
      May 18, 2015

      Annon its plain to see that you havent been in Pointe Michel in a very long time. Long time before she was Manager Pointe Michel got street lights all over the place. To date Pointe Michel may be the village with the most street lights. So get your facts before coming here to belch bubbles

  7. DFR
    May 17, 2015

    That’s the cost of capitalism. The onus is to generate profits for the shareholders . One cannot blame the company . In addition ,the only competitors are conservation and renewables . Therefore let us build more efficient houses and invest in renewables like solar and wind . We would probably still need Domlec ; however we would recover some $$ .

  8. MandyB
    May 16, 2015

    Breaking News: DOMLEC shocked by basic economics. More at 10:00.

  9. Anthony ismael
    May 16, 2015

    The Dominican elite do not want or like competition. They maintain an iron grip on every aspect of Dominican life. Nassief do not want anymore hotels that will compete with Fort Young, but he complains about poor airline service when his bottom line is affected.

    Trained Dominicans will not return, because they are not wanted in their own land. Trained doctors are frustrated by older ones.
    Stop living in dream land John.

  10. Wow
    May 16, 2015

    Congratulations Bertilia. That brings out your leadership skills in running a multi million dollar company. You go girl. You have the chops!

  11. Customer Police
    May 15, 2015

    Wow! This is unbelievable. Sales up by only 2%, expenses down by 11%, and profit up by 67%! Now the true expenses I am sure did not go down by even 5% if that 1 million dollars which the insurance gave back was not factored in. And this is the profit AFTER tax, so the true profit is over 20 million dollars. Magray sah! Who needs rocket science to know that the rates are way too high.

    Anyway Domlec, thanks for shooting yourself in the foot here and blowing your big horn. Because I hope the policy makers and IRC are taking note and will reward the customers with a 67% rate reduction based on the abundant proof you just provided. I am sure your 8 million profit of last year was more than enough already.

  12. The Facts
    May 15, 2015

    It is surprising that DOMLEC recently reported a loss in revenue. Today it reported $14M profit? Wow! DOMLEC could afford to either decrease the cost of electricity for a month or give customers a free month of electricity. Asking for and expecting too much? :lol:
    Sometime ago someone told me of the high electricity bill which had to be paid. I was shocked of the amount. Dominicans should try to decrease electricity usage, if possible.

  13. Titiwi
    May 15, 2015

    If Domlec does well govt. must be doing well. How much tax they collected from us in vat on that Domlec billing last year? Not to mention corporation tax and profits on the sale of diesel to them. Say thank you to Domlec Mr. Skerrit.

  14. Jake
    May 15, 2015

    Go ahead Domlec sing the praises of your profits, while some of your reckless drivers are on the road causing accidents inconveniencing peoples flow and you play hide and seek in having dialogue with the persons involved. you leave it to go through our so very competent legal system to take them ten to fifteen years to get reimbursed.

    God is always there to take of his children..

  15. woy
    May 15, 2015

    So what about the energy saving bulbs etc?

  16. D country well nice
    May 15, 2015

    The Government and all other businesses in Dominica need to fire all their present managers and staff and hire all domlec’s staff and managers to run their affairs! :-?

  17. fellow dominicanS
    May 15, 2015

    READ THIS “According to Mckenzie, reasons for the profit include a two percent increase in electricity sales, ” please DO NOT BUY ELECTRICITY IN ABUNDANCE” the more you pay the more it seems they take.
    i only buy $20.00 at a time.
    yes JAH!!!!!!!!!!!!!!!!!!!!!!!

    May 15, 2015

    Good thing Skerrit has no share in Domlec.
    $15 million in profit Domlec can boast but yet some say the country poor.

  19. smh
    May 15, 2015

    Mrs Mac. How did u decrease on expenses by 11%???

  20. john
    May 15, 2015

    How many cars do we have in dominica take the bus and invest you money for future generations most of you cannot even afford the insurance that’s why you are poor you are living as nice your means.

  21. NYPD
    May 15, 2015

    I am a little puzzled, wasn’t it a few weeks ago Domlec was complaining about people using solar and they loosing money? These kind of monopoly companies won’t be satisfied until they suck the blood dry out of Dominicans. I hope they to use that money to improve service, invest in equipment and give customers a rebate.

  22. funiti
    May 15, 2015

    To begin with; that profit could be ours had it not been for the UWP Recklessness of the period 1995 to 1999. The preoccupation seem to be with the rate of increase in profits. What was the base figure? We have a historical problem with people making money. Where would new investment come from? Someone comment earlier that Astaphan and others arrived years ago with a bag and the shirt on their back ( and so are the Haitian brothers and sisters now)…. and another aa said the other day that you never see a China man….or anyone for that matter….run into a burning building. The question is; what is it that foreigners see that we don’t? DOMLEC is one of the most progressive companies on island; always uping their game; most responsive following a disaster, philanthropic, significant personal development of persons with minimum education to highly skilled workers. Note the high capital costs and overheads dictated by our terrain (see Phillip Nassiefs article New Chronicle article)…

    • I luv Dca
      May 19, 2015

      Funiti, please understand this……Where a monopoly exists, profits as exorbitant as DOMLEC realized is inevitable. Dominicans need to invest in a few solar panels, battery power and light up their own homes with energy from the sun. We do have a choice. An initial investment of EC$10,000 will save us hundreds of thousands in the future on electricity. Then we can listen for the next annual report of DOMLEC’s profitability. Just saying.

    May 15, 2015

    so please tell why one of your officials was on the RADIO belching how much revenue you guys LOST because persons has purchased generator. WICKEDNESS On an island with a population of less than 100,000 persons. MAGWAYSAH!!!!!!!!!!!!!!!!!!!!!!

  24. ti mama
    May 15, 2015

    I Think everybody should switch to renewable enrgy trust me domlec laughing at us i secret

  25. AA
    May 15, 2015

    OK people lets not get carried away here, companies are in business to make profits and the higher the risk the higher the returns should be to compensate the owners of the company. Let me say that i haven’t reviewed the financials, but from the statement made i am concluding as follows: There was a mismatch of revenues and expenses between the two years from the insurance proceeds which showed an increase in profits in 14 compared to 13. There was a slight increase in revenues/sales in 14 which amounts to 1.2M and an increase in efficiency. You cannot fault a company for meeting its consumers needs and at the same time improving its operational efficiency. So i say well done domlec hope to see continued high level results in the future.

  26. john
    May 15, 2015

    Where are the people with business brains in dominica to help us get out of poverty government cannot do it we need private people all we do is comment on what the government is not doing .I employ 4 Haitians now I cannot even get dominicans workers last yr I made $40.000 in watermelon alone I have peppers and plantain if I had more help I would make more money. How much more you made in canadaI am my own boss

    • Anonymous
      May 15, 2015

      Guess you could make more money if you concentrated on harvesting your crop rather than spouting off on the blog.

    • May 15, 2015

      Tell me john how do I get to you so I can get my water melon and any other products you sell . I like organic .No fertilizer.
      I can even work for food.

    • The Facts
      May 15, 2015

      I have not yet read the other comments. Who is giving you trouble? You are doing well. I wish you continued success. Hope you get some help.
      I do not know where in Dominica you are located. What the government should do is to issue directives for those who are able and receive monthly sustenance should seek employment in their field. This should be a condition for obtaining government funds. Surely, there are some who could qualify for this type of work.

    • Bosslady
      May 15, 2015

      U are so right. Dominicans just like hand me downs. Our people are just negative.

  27. john
    May 15, 2015

    Stop talking let us buy it back and lower the rates and do a better job. What we pay in monthly bills will pay for the loan where are the people with the business brains I know about planting watermelon and I make a d as m good profit to support my family that’s why the boat is needed most of my watermelon goes to waste I can employ 6 more Haitians to help me on the farm.

    • The Facts
      May 15, 2015

      Would love some of the D/ca watermelon (mouth-watering) :lol: but I reside far away. I have to settle for those which are sold at the grocery store. Watermelon is healthy. Fruits and vegetables in general.

  28. on the go
    May 15, 2015

    go head Domlec hang us by our balls.e but don’t worry one day .one day.all you have to suffer for what u all are doing to we the poor people of this country.big profit u all happy go head nothing last forever.amen

    • The Facts
      May 15, 2015

      This will occur after the geothermal plant is complete and operable. Pray for this.

        May 18, 2015

        really, lets see, the government promised to sell to the French country, but the French have constructed their own… now we spent over 50 million and guess what? the government must go back to domlec. or else we will have it and cant use it

    • Bosslady
      May 15, 2015

      I didn’t realize people went into business to not make profits. Smh.

    • point
      May 18, 2015

      If Domlec is not able to make a profit, they will not beable to supply electricity, so it is very good that Domlec can operate in the black. What we have to do is continue to support Domlec so that it can continue to make profit and employ people. More Dominicans should be buying shares in Domlec.

  29. john
    May 15, 2015

    Nassief and A sthapan came to our country with a suitcase 60 yrs later they are millionaires in a black country don’t you all people learn and open your eyes. You were taught to beg and served and make noise stop it think you have the brains. And you are still sending your money to the cubans who don’t like you and all you do is blame the government for every thing stop giving people your money learn to keep it in the black family like the Asthapans when are we going to learn. Millions are leaving our hands is there Greece in our hands or are we stupid or crazy in our head the only freedom we have is to give our money to strange people.

    • out of south city
      May 15, 2015

      My brother, we blacks have been programmed to support those of another race rather than our own. We have been made to despise our own and support others. Instead of patronising each other, we rather patronise the Arabs who don’t care about us. Many rich people have gotten their wealth on the backs of black people. We are not united as a people and that’s where our problems lie. It is called The Willie Lynch syndrome, which has instilled the class system among us. The lighter ones against the darker ones, etc., We are usually on the bottom of the ladder anywhere we live under the sun.
      The only people who can change that is us. We need to look at ourselves collectively and determine our destiny instead of others doing so for us. We are Africans first and foremost. When we learn to accept each other for who we really are then there will be unity among us. We see ourselves as Dominicans, Antiguans, Trinidadians, Bajans, St. Lucians, etc., and not Africans. Therein lies the problem.

    • Anthony ismael
      May 16, 2015

      Every successive government from the colonial days up to the Freedom led administration ensured that land was kept in the hands of the mulattos. This meant that generations of Dominicans were kept in perpetual servitude.

      It wasn’t until the 1980s that land reform came to pass. This allowed the lower class to use this land as collateral and attempt to start businesses etc.

  30. REAL!!!!
    May 15, 2015

    Profits are up 67% after paying corporate tax of 30%.

    This is why Dominicans should be investing heavily in renewable energy for their homes.

    I don’t have to see the books but base on top analysis____ without significant increase in customers through increase in population or influx of new factories on island. Domlec is clearly ripping off the poor consumers an island population of 68000 people.

    We need more companies on island offering a renewable energy solution to the population.

  31. john
    May 15, 2015

    The workers should own the company they are running it . Why do we act like slaves what are we thinking her for when they own it we will thank here.

  32. May 15, 2015

    …shame on you all ,the majority of the people in dominica are poor people.they are not getting any financial help from the gov’t ,they live by a “do it yourself or a help youself system “yet domlec is charging so much for electricity when very often they cut off the electricity with no regards for the elderly ,,sick,children with home work for school ,parents who are working all day long who must cook late at nights,the lose of frozen foods ,,,i wonder wether they will offer any money for charity work,,,what is domlec doing with such a high interest when consumers have difficulty to pay …shame on domlec

    • May 15, 2015

      You guys use too much electricity. Cut down on its use .Go back to battery.Use battery in radio, use charcoal instead of electricity or gas.Go back to local

  33. Freedom Finder
    May 15, 2015

    *slow claps*

    Congratulations. Mrs Mc Kenzie, I wonder if you felt proud or ashamed to announce this to the dominican populace.

    Now that you all finished patting yourselves on the back, I want to hear of good corporate citizenship such as offering discounts on electricity bills to elderly citizens who live alone, donating to the sick little twin in Antigua….

    I’ll wait.

  34. Chess
    May 15, 2015

    Over 14 Million in profit for 2014 and Domlec have the nerve to stop the process where customers pay their light bills by Credit Card? This is the most primitive and backward decision that a Company serving every Dominican could take. This is very inconveniencing and Domlec need to revisit this decision. A Company needs to implement policies which will make the lives of customers more comfortable and rewarding. They sight that they have to pay a 2% tax on credit card payments. What is a 2% tax at the expense of the satisfaction and convenience of Customers. All small companies offer this service to its customers. I know that some Companies take advantage of the situation and pay their bills with personal credit cards to enable them to collect miles on Airlines etc. Domlec could easily implement a decision that NO COMMERCIAL BILLS ARE PAYED WITH CREDIT CARDS.
    I hope Management and possibly Government can intercede to ensure that this matter is addressed at the earliest.

    • May 15, 2015

      Do you not know that people like me don’t use credit unless you can pay it off every month?

  35. Jennifer
    May 15, 2015

    Only hoping they lower the cost a bit since their profit margin is so high

    • ..
      May 15, 2015

      :lol: :lol: :lol: :lol: :lol:

    • 19794eva
      May 18, 2015

      why didnt the corporate citizens or the bellyachers attempt to buy it when it was made public that shares were being sold???? stupes give me a break…..the people who have the money to buy majority shares that would have kept it in local possession, they all have solar panels untop of their business places… they dont give a rats sas how much we pay for lights ……but we will sit and talk bad about this one that one and that party …………….

  36. Sebastien
    May 15, 2015

    I am not a labourite. But it is worth reminding all that it was UWP that sold Dominica’s gold. We cannot blame this one on the PM or the Labour Party.

      May 15, 2015

      IKR where are the ppl of uwp who like to call our pm name for every thing negative goin on here….i mean who sells an electric company :twisted:

    • The Facts
      May 15, 2015

      What happened to the money UWP received from the sale of Hydro? What was done with it and where did it go?

  37. Sebastien
    May 15, 2015

    This is the result of monopoly. Where there is no competition consumers are given the royal screw.

    Dominicans are penalised for importing dynamos but it is ok for Domlec to screw the penniless people.

  38. block 44
    May 15, 2015

    reaping off money from the little man in the name of high fuel cost,.god is still watching.

  39. goodie
    May 15, 2015

    That’s what UWP sold Domlex for, well well well.

      May 15, 2015

      lol @ domlex its domlec

  40. One set to profit
    May 15, 2015

    So I’m guessing the can reduce on our light bills.. Nooo..ok kool *walks away*

    • Rev Augustus Ambrose
      May 16, 2015

      Hope that they can give back something to the customers
      Make the customers happy
      I think that is alot of profit for in a small island
      Are dominica’s beginning over charge for the service
      Maybe that should investigated

  41. 2 cents
    May 15, 2015

    Interesting how a representative from DOMLEC was recently on the radio complaining of loss of revenue due to the implementation of renewable energy…Imagine what their profits would have been had there not been alternative energy available. Hmm food for thought.

  42. Smile
    May 15, 2015

    Ah Magway Sar! 67% after tax? Alas DOMLEC! You ride on our backs like donkeys, throwing your hugh light bills at us, only to make that mammoth profit? Ah Magway sar!

    This is what we need to protest about; the killer electricity bills.

  43. Sunday Islander
    May 15, 2015

    Government must Nationalize Domlec!!! :mrgreen: :?:

  44. Observer
    May 15, 2015

    Wow. Talk about squeezing blood out of stone!
    Lower the rate Domlec – stop squeezing Dominicans soo tight!

  45. mike
    May 15, 2015

    Dominica have the highest electricity rates in the Caribbean which discourage foreign investments and add a heavier burden on Dominicans since they are paying a higher rate. This is nothing to be proud of this is actually robbery, a monopoly making 15 million in profit in a country of 68000 people. I doh know if this government is lazy or just incompetent we have AID BANK lending money to buy cars instead to entrepreneurs and now Domlec raping Dominicans.

    • MandyB
      May 16, 2015

      DOMLEC counting the money they “lost” to businesses generating electricity. We should be counting the investment opportunities we lose on top of millions we giving them.

  46. Anthony ismael
    May 15, 2015

    They earned 14.82 million in profits. Dominica continues to maintain the most draconian electricity rates in the Eastern Caribbean, while maintaining the enviable position of last place in “Foreign Direct Investment.” What a wining economic formula for growth and development.
    :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

  47. Music Producer
    May 15, 2015

    :-| Ok then….

  48. just saying G
    May 15, 2015

    of course they did!!!! after they squeezed out of us their consumers all our little pennies. this is a greedy wicked company that just keep making millions in profit using hydro electricity. but i guess its ok as long as at the end of the year they can boast of the millions they make in proftits.domlec forget u!!!!!!!!!!!!!!!!!

    • just saying G
      May 15, 2015

      *profits. i meant profits

  49. Trevor Fabien
    May 15, 2015

    Good God, profits up by 67% on the previous year. In any other organised country that would be considered profiteering. Surely this mammoth increase is not as a result of many new customers.

    This is exactly what happens when one company has a monopoly on the market and rivals cease to exist. This is very bad for Dominica. I look forward to seeing competition from solar companies

  50. No Surprise
    May 15, 2015

    No surprise here!! What did you all expect? When fuel prices were plummeting from last summer DOMLEC maintained their rate and gave us a minimal decrease in our bill while they kept those huge savings for themselves!!! The Dominican public deserve a rebate!!!!!!!!!! Dam thief!!

    • May 15, 2015

      That’s not true at all. On the contrary Domlec is the ONLY company which passed on the decreasing rates in fuel prices to their consumers. Prices of all other commodities remained up while electricity fluctuated to reflect the changing fuel prices

  51. Kubuli Kountry
    May 15, 2015

    67.6% increase?? wow!

    So i guess the method of frequent power outages is real profitable.

    Cut power everyday in a different section of Dominica. Technical load-shedding at its best.

    • BEB
      May 15, 2015

      Do u know that frequent load shedding, one would requite plenty more electricity to boos up ur fridges, so DOMLEC is benefiting from the frequent load shedding . That’s how the almost 15 millions dollars added up

  52. mjoseph
    May 15, 2015

    Very Impressive performance. Domlec is easily the most profitable establishment in Dominica. Just imagine that Domlec has once again made more profits than “ALL the BANKS in Dominica Combined”….. You may also want to add the CREDIT UNIONS TOO…….. – Go Domlec!!!! A tariff or rate increase is desired.

    • who feels it knows it
      May 15, 2015

      Lil do u know. How was the profits made? By having employees like donkey? The year I heard of more breakdowns is the year the profit is at its highest? Smh. 67% increase and profits and employees cannot receive a 3% increase for the year? Who feels it knows it

      • Doctrove
        May 18, 2015

        If you feel like you are working like a donkey why when you get the break to speak up and say how you feel you keep your mouth shut and all your say is you have no problems you are happy with eveything at work. Oh I see so you all want to apply for job and say yes to everything in the interview when you get the job you dont want to work. hahahahahaha surprise surprise I cant believe its you “Who feels it knows it that speaking so” Hmmmm

  53. john
    May 15, 2015

    Owner ship by the people buy it now before the new power come on stream sell power to the french islands to pay for it . All the Lawers and P.H D. People in dominica should educate their people in owner ship . Do we have people to run and operate hotels, we must keep our eyes on the price. We have to learn to own and run things well we were trained to work we must change that we spend more time in Roseau begging than thinking. The British help us set up a university to work for them we must change the way we teach kids. One contractor went to the university of the westindes his name is Williams construction company he does all the big jobs in the caribean and he is a white Bajan . The Blacks went to the same school and they are all working for governments. We are very good at quoting Shakespeare.

    • The Facts
      May 15, 2015

      They should invest in DOMLEC and be some of the stakeholders.

  54. lightbulb
    May 15, 2015

    that is not a lot of money, especially since DOMLEC has to do capital improvements

    • May 15, 2015

      Are you dumb lightbulb?

        May 15, 2015

        @ give it to dem :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :roll: :roll: :roll: :roll: :roll: :roll: :-o :-o :-o :-o :-o :-o :-o :-D :-D :-D :-D :-D :-D :-D :-D :-D :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :roll: :roll: :roll: :roll: :roll: :roll: :roll: :roll: :roll: :roll:

      • lightbulb
        May 16, 2015

        if domlec was making a loss you should be more worried. a failing enterprise like domlec would require a bailout (tax money) by the government, and that would mean social security would loses (your money again).

        now 14 M, what is that in terms of capital improvements? improvements in the power grid? reduction of loss of electricity due to capacity.

        the funny is this, domlec can more probably make larger profits, if they produce electricity cheaper, and make more money on increased usage

  55. Thorbjørn Jagland
    May 15, 2015

    Congratulations Bertilia Leblanc- Mckenzie, you deserve a huge bonus for your hard work, we need more businesses in Dominica to make a big profit. Keep it up, u making all Dominicans proud. 8)

    • The Facts
      May 15, 2015

      We expect they will pay their fair share of taxes and on time.

      • Inland Revenue
        May 18, 2015

        I dare you “The Facts” to go to inland revenue and enquire whether or not the taxes are paid and on time. I can attest to the fact that DOMLEC is always the first company to pay their taxes on time every month un like some companies owned by ur leaders and friends who dont pay at all and even have a caveat filed so that Inland revenue cant interfere in their accounts etc. So my dear DOMLEC pays their taxes well and on time.

  56. Jaded
    May 15, 2015

    A 67% increase in net after-tax profit over the previous year!!! INSANE! I have never heard of that! Maybe…just maybe DOMLEC can reduce its exorbitant rates so Dominicans can have a life?

      May 15, 2015

      IKR In lil d.a they making all that in just profits one can only imagine by what means poor the poor ppl of d.a no wonder our light bill so high and everytime theres a power outage my pay as u go is drained

  57. Grace
    May 15, 2015

    And our light bill is still that high?????MAGWAY SA!!!!!!!!!!!!!!!

    • Susan
      May 18, 2015

      When you want to leave above your means which 4 tv is each room and all of them on every day and you hardly put them off. etc and have all electrical appliances that comes out then you got to pay ur damn bills. All DOMLEC staff pay bills as well ok.

  58. who feels it knows it
    May 15, 2015

    Yet still not one of their employees are satisfied with their salary…smfh

    • Doctrove
      May 18, 2015

      Well well if you are not pleased with your salary why havent you brought it up to ur supervisor and HR manager when you are appraised etc. You keep saying that all is well with you. One thing I know for a fact DOMLEC can get A+++ for the manner in which it treats its staff members.

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