Trinidad company, Prestige Holdings says its strong-performing operations in Guyana remain a key part of its regional growth strategy, even as the restaurant operator reported a sharp decline in profits for the six-month period ended May 31, 2026, citing higher supplier costs, increased national insurance contributions and foreign exchange constraints.

According to the restaurant management company’s financial report for the half year, profit attributable to shareholders for the six-month period declined by 45.7 per cent, falling to $34.8 million for the same period in 2025.

Prestige Holdings chairman Christian Mouttet noted the restaurant management company had seen increased sales volumes, with revenue increasing by 1.3 per cent to $707 million in the previous year, but a series of increased expenses impacted the company’s profits.