Polaris Holding Company Limited, the parent company of Stevedoring Services Limited, reported its financial results for the year ended March 31, 2016, announcing a 12-month profit of $1.38 million or $1.13 per share.

“Two years ago, several months after newly tapped CEO Warren Jones took over the financially hobbled Company, and in the wake of Polaris reporting a [$1.94 million] deficit, Mr. Jones predicted fiscal 2016 would become a profitable year; prophesizing the Company’s return to a normalized performance after years in moribund,” the company said.

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