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Waterloo Investment Holdings Limited - Releases Interim Results (Excerpt)
Tortola, British Virgin Islands – 17 December, 2012 – In a filing to the Bermuda Stock Exchange (“BSX”), Waterloo Investment Holdings Limited (the "Company" or “WIHL”; Ticker: WIHL.BH) releases the latest financial results for the six months ended 30 September, 2012.
Background
Waterloo Investment Holdings Limited is an investment holding company incorporated in the British Virgin Islands (“WIHL” or the "Company"). WIHL owns the British Caribbean Bank Limited, a financial services business in the Turks and Caicos Islands and, through various subsidiaries, substantial other investment interests in the Turks and Caicos Islands, principally through secured loans. The Company also holds an approximate 25 percent interest in a successful and market-leading edible oil processing and distribution operation in Latin America and a 50 percent share in a company which operates an international open shipping and company registry business in Belize. The Company also has an investment in the form of secured loans to the largest port in Belize.
Financial Information
WIHL was demerged from BCB Holdings Limited on October 26, 2011.
The financial information included herein has been prepared as if WIHL had been in existence as at March 31, 2011 and for the entire period April 1, 2010 to September 30, 2012. This is in compliance with accounting standards, which require this presentation due to the existence of the same controlling shareholder in both WIHL and BCB Holdings Limited at the date of the demerger.
For the six months ended September 30, 2012, the Company reported a net income of $9.8m (2011 net income - $9.4m) and net income per ordinary share for the six months of $0.10 (2011 net income – $0.09).
At September 30, 2012 total assets were $509.4m (March 31, 2012 - $503.8m) and net assets were $266.3m (March 31, 2012 - $256.5m).
For further information contact:
Waterloo Investment Holdings Limited UK +44 (0)20 7248 6700
This preliminary announcement is available at the Company’s web site: http://www.wihl.com.
Bermuda Listing Sponsor:
Appleby Securities (Bermuda) Limited
Attn: Mr. Sherman Taylor Tel: (441) 298-3582