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Bermuda First Investment Company Limited announces Financial Results for the year ended June 30, 2015
Hamilton, Bermuda: 23 September 2015 – In a filing with the Bermuda Stock Exchange (“BSX”), Bermuda First Investment Company Limited. (the “Company” or “BFIC”; Ticker: BFIC.BH) has announced the Company’s results for the year ended June 30, 2015. The filing stated:
Bermuda First Investment Company Limited, a BSX listed investment holding company which owns a number of significant investments in BSX Bermuda listed companies, announces its results for the year ended June 30, 2015.
Highlights:
· Revenue of $0.5 million; and
· Market value of investments as at June 30, 2015 of approximately $23.5 million.
Commenting on the results, J. Michael Collier, Chairman of BFIC said:
“We are disappointed with the Company’s results for the year which have been driven primarily by the decrease in the value of the share prices of our two main assets, KeyTech and Ascendant. Both companies have significant challenges ahead of them as a result of the weak Bermuda economy but we continue to believe that these two important companies are fundamentally sound companies with strong business models that will benefit from any upturn in the Bermuda economy.”
Media Contacts:
Alasdair Younie
Director
Bermuda First Investment Company Limited
Tel: 441-299-2897
Email: ay@icm.bm