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West Hamilton Holdings Issues First Six Months 2011 Directors’ Report
Hamilton, Bermuda: 26 July 2011 – West Hamilton Holdings Limited has filed its Interim Report with the BSX. The Directors’ Report states:
“In six months of fiscal year 2011 (the period) revenues totalled $1,063,745, representing an increase of 9.1 percent in comparison to the previous period mostly due to additional revenue from the parking facility. Revenue from rental office space remains flat and leases for all available spaces expires on a staggered basis over the next two years. The company continues to enjoy near full occupancy which we believe will persist.
Operating income for the period increased by $8, 657 to $500,275 relative to the same period in 2010. The increase is attributed mostly to additional revenues from rental of parking bays.
Earnings per share were $0.20 for the period as compared to $0.25 per share in 2010. Dividends paid in prior years were suspended while the development of Belvedere was in progress.
Shares of the Company traded actively on the Bermuda Stock Exchange during the first two months of 2011 relatively to the same period of 2010. During the period, a total of 72,370 shares were traded on the BSX with a median price of $7.65 per share.”