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CARIBBEAN INVESTMENT HOLDINGS LIMITED ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2015

Hamilton, Bermuda: 02 March 2016 - In a filing with the Bermuda Stock Exchange (“BSX”), Caribbean Investment Holdings Limited (London – AIM:  CIHL; Bermuda – CIHL) (the “Company” or “BCBHL”) announced the results for the third quarter ended December 31, 2015.  The filing stated:

 

The Company reported a net loss from operations of $3.7m for the three months ended December 31, 2015 (2014 – net loss of $4.0m), and a net loss per ordinary share from continuing operations for the three months of $0.04 (2014 – net loss per share of $0.04).  The Company reported a net loss from operations of $1.2m for the nine months ended December 31, 2015 (2014 – net loss of $2.0m), and a net loss per ordinary share from continuing operations for the nine months of $0.01 (2014 – net loss per share of $0.02).

 

Following its recent name change, the Company announces its new website address – www.cihltd.co. Shareholders may now visit this website to obtain details about the Company, including information required to be disclosed in accordance with AIM Rule 26.

 

For further information contact:

 

Caribbean Investment Holdings Limited

 

UK                                           +44 (0)207 248 6700

Belize                                      +501 227 7178

 

Cenkos Securities plc

 

Nicholas Wells                        +44 (0)20 739 8920

 

Note: This and other press releases are available at the Company's web site: http://www.cihltd.co.

 

Financial Results can be found using the following link:  http://www.cihltd.co/investor-information/press-releases/2009/01032016.html

 

 

Background Information

 

Caribbean Investment Holdings Limited (CIHL) is a parent holding company with no independent business operations or assets other than its investments in its subsidiaries, intercompany balances and holdings of cash and cash equivalents. CIHL's businesses are conducted through its subsidiaries. The Belize Bank Limited (BBL) is incorporated and based in Belize and focuses on the provision of financial services and lending to domestic clients. Belize Bank International Limited is incorporated and based in Belize and focuses on the provision of financial services and lending to international clients. CIHL also owns an international corporate services business based in Belize, which operates as Belize Corporate Services Limited. Within Belize, BBL is the largest, full service commercial and retail banking operation with a head office in Belize City and eleven branches extended into each of the six districts of Belize. The principal operations of BBL are commercial lending, consumer lending, deposit taking and related banking activities.