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Bermuda Broadcasting Company Ltd. Releases End of Year Results

25 April 2001

Hamilton, Bermuda: 25 April, 2001- Bermuda Broadcasting Company Ltd. (BBC) has filed its Annual Report for the year ended 31 December 2000 with the Bermuda Stock Exchange.

The Report disclosed revenue for the year was $3,775,544, up from $3,660,197 in 1999, while expenses increased to $4,362,635 compared to $3,868,528. The Company recorded a net loss of $384,548 versus a loss of $71,806 in the previous year. Earnings per share stood at ($0.60) versus ($0.11) in 1999.

Total assets of the Company declined to $5,663,436 from $5,812,777 in 1999 and net assets stood at $5,070,834 compared to $5,455,383.