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Bermuda Press (Holdings) Limited Files Annual Report

Hamilton, Bermuda: 2 February 2004 - The Bermuda Press (Holdings) Limited (BPH.BH) has filed their annual report for the financial year ended 30 September 2003 with the Bermuda Stock Exchange (BSX).

In the report the Company indicated total revenue for the year was $28.98 million compared with $28.93 million last year, while net income was $1.5 million compared with almost $1.9 million the previous year. Total expenses rose by 1.7% of which the cost of materials, merchandise and supplies increased by $0.36 million or 5%. Earnings per share were $1.09 compared to $1.37 the previous year and a 64-cent per share dividend was paid during the period.