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BCB HOLDINGS LIMITED – ANNOUNCES Q3 RESULTS FOR PERIOD ENDED 31 DECEMBER, 2010 (Excerpt)
City, Belize – 25 February, 2011 – In a filing to the Bermuda Stock Exchange (“BSX”), BCB Holdings Limited (the “Company”; Tickers: AIM: BCB; Trinidad and Tobago Stock Exchange: BCB.TT; Bermuda Stock Exchange: BCBH.BH) reported net income of $3.8m (2009 -- $15.3m) for the three months ended 31 December, 2010, the third quarter of fiscal 2011. Earnings per share for the quarter ended 31 December, 2010 was $0.04 (2009 -- $0.15).
For the nine months ended 31 December, 2010 the Company reported net income of $20.3m (2009 -- $43.3m). Earnings per share for the nine months ended 31 December, 2010 was $0.20 (2009 -- $0.46).
Background Information
The Financial Services division operates principally through the Belize Bank in Belize, British Caribbean Bank in the Turks and Caicos Islands and internationally through British Caribbean Bank International Limited which is based in Belize. Within Belize, the Bank is the largest, full service commercial and retail banking operation with a head office in Belize City and thirteen branches extending into each of the six districts of Belize. The principal operations of the Bank are commercial lending, consumer lending, deposit-taking and related banking activities. In Turks and Caicos the Bank is one of the largest commercial lenders.
The Company’s associates, Grupo Agroindustrial CB, S.A., Tower Strategic Ltd., Mesocafta International, S.A. and BVI International Holdings, Inc., own edible oil processing and distribution operations and palm seed plantations principally in Costa Rica, where they are market leaders in edible oils, margarine, industrial oils and animal feed.
For further information contact:
Makinson Cowell +1 (212) 994 9044
BCB Holdings UK +44 (0) 20 7248 6700
Belize +501 227 7178
Note: The full transcript of this and other press releases are available at the Company’s web site: http://www.bcbholdings.com .