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BCL Announces Nine-Month Financial Results To September 2006 And Declares Dividends
Hamilton, Bermuda: January 24, 2007 - Bermuda Container Line Ltd. (BCL.BH) has informed the Bermuda Stock Exchange (BSX) of the following release:
Bermuda Container Line Ltd. is pleased to report net earnings of $3,221,000 for the nine months ended 30th September 2006. These earnings are $753,000 or 30% higher than the comparable nine month-period in 2005. The improvement in net earnings is due to both a healthy growth in operating earnings and a significant growth in investment income.
The growth in investment income was due to a more aggressive investment policy, higher interest rates and a larger base of investable assets. Earnings from operations were up due to strong growth in cargo volume and so, freight revenue.
Dividends
The directors of Bermuda Container Line Ltd. Have declared two dividends; a special 2006 year end dividend of 50c per share and a first quarter 2007 dividend of 13c per share. Both dividends to be paid on the 9th February 2007 to shareholders of record as at 2nd February 2007.