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WATERLOO INVESTMENT HOLDINGS LIMITED ANNOUNCES Q2 2014 RESULTS (Excerpt)
Hamilton, Bermuda – 07 March, 2014 – Waterloo Investment Holdings Limited (the "Company" or “WIHL”; Ticker: WIHL.BH) has today filed interim six month results for 2014 to 30 September, 2013. The filing states in part:
“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 has an investment in the form of secured loans to the largest port in Belize. Through its Hospitality Division, the Company owns or manages vacation resorts and a marina located in the Turks and Caicos Islands. The Company also holds an approximate 25 percent interest in a successful and market-leading edible oil processing and distribution business in Latin America.
Financial Information
For the six months ended September 30, 2013, the Company reported a net loss of $2.6m (2012 net income - $9.8m) and net loss per ordinary share for the six months of $0.03 (2012 net income per share – $0.10), primarily due to lower income from Latin American Associates, additional loan provisioning and higher corporate expenses.
At September 30, 2013 total assets were $531.6m (March 31, 2013 - $521.1m) and net assets were $267.2m (March 31, 2013 - $269.8m).”
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For further information or enquiries, including the full text of this release, please visit Waterloo Investment Holdings Limited’s website: http://www.wihl.com or contact:
Waterloo Investment Holdings Limited
101 Governors Road,
Leeward, Providenciales,
Turks & Caicos Islands, B.W.I.
Bermuda Listing Sponsor:
Appleby Securities (Bermuda) Limited
Attn: Mr. Sherman Taylor Tel: (441) 298-3582