September 18, 2013 at 1:44 p.m.
BF&M has $10.2 million in earnings
BF&M Limited yesterday announced shareholders’ net income for the six month period ending 30 June 30, 2013 of $10.2 million.
Shareholders’ net income for the comparative six month period of 2012 was $12.2 million. President and CEO, John Wight stated that “Financial results for the first six months of 2013 were down from the corresponding period in 2012, principally as a result of further impairments on Bermuda based properties where BF&M holds a first mortgage, and the rise in interest rates in the second quarter that decreased the value of BF&M’s bond portfolio.
BF&M holds part of the mortgage of Tucker’s Point Club, which went into receivership on Thursday.
The Bermuda Sun bids farewell...
JUL 30, 2014: It marked the end of an era as our printers and collators produced the very last edition of the Bermuda Sun.
Events
August
To Submit an Event Sign in first
Today's Events
No calendar events have been scheduled for today.
Comments:
You must login to comment.