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BCB HOLDINGS LIMITED – ANNOUNCES Q1 2012 RESULTS FOR PERIOD ENDED 30 June, 2011 (Excerpt)

Belize City, Belize  – 26 August, 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 $4.9m (2010 -- $8.9m) for the quarter ended June 30, 2011, the first quarter of fiscal 2012.

 

Operating income of the Financial Services division for the quarter ended June 30, 2011 amounted to $0.0m (2010 - $6.3m). 

 

Earnings per share for the quarter ended June 30, 2011 was $0.05 (2010 -- $0.09).

 

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

BCB Holdings

+1 (212) 994 9044                                                                 

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 .