Bermuda First Investment Company Results
In a filing with the Bermuda Stock Exchange [BSX], Bermuda First Investment Company Limited announced financial results for the three months ending September 30, 2016.
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, 2016.
Highlights:
- Revenue of $0.2 million; and
- Market value of investments as at September 30, 2016 of approximately $25.7 million.
Commenting on the results, J. Michael Collier, Chairman of BFIC said: “The share prices of our investments continued to improve during the quarter and this trend has continued post the quarter end.
“The investments are significantly impacted by the Bermuda economy and with the economy improving this is flowing through to the financial results and share prices of the investments.
“We look forward to 2017 and the America’s Cup and other important infrastructure projects and believe they will positively impact our investments.”
