Bermuda First Investment Company Results
In a filing with the Bermuda Stock Exchange [BSX], Bermuda First Investment Company Limited announced the Company’s results for the three months ended September 30, 2015.
The filing stated, “Bermuda First Investment Company Limited, a BSX listed investment holding company which owns a number of significant investments in BSX Bermuda listed companies, announces its results for the three months ended September 30, 2015.
Highlights:
- Revenue of $0.2 million [2014: $0.2 million]; and
- Market value of investments as at September 30, 2014 of approximately $22.7 million.”
Commenting on the results, J. Michael Collier, Chairman of BFIC said: “The share prices of our major investments, KeyTech and Ascendant continued to decline during the quarter. However, post the quarter end with the announcement of KeyTech’s transaction with CellOne and ATN, KeyTech’s share price has started to improve.
“There are signs in the Bermuda economy that things are starting to improve and we would anticipate that any improvement will be felt in our core investments.“
