January 30, 2013 at 5:54 p.m.
BCB Holdings releases second quarter results
THURSDAY, NOV. 22: In a filing to the Bermuda Stock Exchange (“BSX”), BCB Holdings Limited (the “Company”; Tickers: AIM: BCB; Trinidad and Tobago Stock Exchange: BCB.TT; Bermuda Stock Exchange: BCBH.BH) releases the financial results for the second quarter ended 30 September, 2012.
Background Information
BCB Holdings Limited's current operations are principally comprised of the parent company and its wholly owned Financial Services division which operates through Belize Bank Limited and internationally through Belize Bank International Limited, both of which are based in Belize. Within Belize, Belize Bank is the largest, full service commercial and retail banking operation with a head office in Belize City and thirteen branches extending into each of the six districts of Belize. The principal operations of Belize Bank are commercial lending, consumer lending, deposit-taking and related banking activities.
Financial Information
The financial information included in this report as at March 31, 2012 and September 30, 2012 and for the six months ended September 30, 2012 reflects the performance of the businesses described above. The comparative income statement for the six months ended September 30, 2011, reflects the impact of the demerger by the Company of Waterloo Investment Holdings Limited, which became effective on October 26, 2011. In accordance with accounting standards, the income statement for the six months ended September 30, 2011 has been presented to separately disclose the results from continuing and discontinued operations.
Results - six months ended September 30, 2012
On this basis, the Company reported a net income from continuing operations of $2.6m for the six months ended September 30, 2012 (2011 – net loss $6.3m), and a net income per ordinary share from continuing operations for the six months of $0.03 (2011 – net loss $0.06).
Note: The full text and financial data of this and other press releases are available at the Company’s web site: http://www.bcbholdings.com
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