This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

Watlington Waterworks Reports Annual Earnings for the Period Ending 31st December, 2000

07 May 2001

Hamilton, Bermuda: 7 May, 2001- Watlington Waterworks Ltd. today reported its annual earnings for the period ending 31st December, 2000 to the Bermuda Stock Exchange (BSX).

The Company's net income fell from $726,692 in 1999 to $457,965 in 2000. Earnings per share decreased from $0.64 in 1999 to $0.40 in 2000. This decrease was due to an exceptional charge of $257,420 in connection with the Company's refurbishment of its North Shore, Devonshire Reverse Osmosis Plant to comply with a Special Development Order. Total assets for the period declined to $10,023,505 from $10,781,854 in 1999.

Dividends paid remained constant at $136,520 while shareholders' equity grew to $8,111,207 from $7,789,762 in 1999.