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Long Botham Boats Announces Six-Month Results

17 July 2000

Hamilton, Bermuda: 17 July 2000 - Long Botham Boats Company Limited today advised the Bermuda Stock Exchange (BSX) of its half-year results for the period ended 31 December, 1999.

Sales for the period were $2,610,742 versus $2,297,927 in 1998, while net income grew to $362,245 from $121,935. Earnings per share stood at $0.72, up from $0.24.

Total Assets of the Company continued to grow to $3,658,637 compared to $3,450,759 in 1998 and Net Assets stood at $1,681,425 versus $1,1194,764.