Belize City, Belize, February 26, 2010 — BCB Holdings Limited (London – AIM – BCB; Trinidad and Tobago Stock Exchange – BCBTT; Bermuda – BBHL) (the “Company”) reported net income of $15.3m (2008 — $16.3m) for the quarter ended December 31, 2009, the third quarter of fiscal 2010.
Earnings per share for the quarter ended December 31, 2009 was $0.15 (2008 — $0.28).
For the nine months ended December 31, 2009 the Company reported net income of $43.3m (2008 — $52.3m). Earnings per share for the nine months ended December 31, 2009 was $0.46 (2008 — $0.88).
Commenting on corporate performance, Chairman, Lord Ashcroft, KCMG, said:
“The weak economic environment in Belize and the Turks and Caicos Islands continues to adversely affect the performance of the Financial Services businesses. There are no indications at this time of an economic recovery in either jurisdiction. Financial Services operating income is down from 2008 principally due to the increasing level of nonperforming loans”
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