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Bermuda Computer Services Issues Year-End Earnings Report
" Consolidated earnings of the Company for the year ending 31st December 2001 amounted to $256,538 compared with a profit of $106,904 in 2000.
Total assets of the group as at 31st December 2001 amounted to $3,853,995 including fixed assets of $2,456,965 compared with total assets of $5,162,163 and fixed assets of $2,735,728 a year ago. The Company had cash and time deposits of $527,286 as at 31st December 2001 compared with $447,199 last year. Shareholders' equity has increased from $2,066,974 to $2,323,512. The Company did not pay dividends in the year. In July 2000, the Directors voted to suspend quarterly dividends to ensure that the Company had sufficient cash to fund its continuing investment in Transact Limited."