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Long Botham Boats Company Issues Six Month Report

16 16 2003

Hamilton, Bermuda: 16 April 2003 - The Bermuda Stock Exchange (BSX) has received a six-month report from Long Botham Boats Limited for the period ended 31 December 2002.

In the report President and CEO W. Paul King stated that as of December 2002, the Company €˜s total assets stood at $3,975,783, down from $4,283,355 the year before. Revenues were also up from $2,595,082 to $2,731,303. Net income for the period was $425,192 as compared with the previous years total of $361,634.

Earnings per share were $0.85 up from $0.72 in 2001.