Ascendant Group Release Six Month Report
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited released their six-month report ending 30 June 2018, with the report stating that “Ascendant’s year-to-date core earnings from operations, before corporate expenses, were $11.1 million compared to $13.6 million for the same period in 2017.”
The report stated, “Core earnings year-to-date in 2018 were $3.1 million, or $0.32 per share compared to $9.5 million, or $0.96 per share, for the same period in 2017.
“In addition to the changes to core earnings from operations described above, these results were impacted by two unusual corporate charges: $1.0 million in advisory fees related to an unsolicited expression of interest to purchase the Company, as well as an increase of $1.9 million in long term incentive compensation costs, driven partly by the 63% share price increase over the first half of 2018.”
The full Ascendant Six-Month Report follows below [PDF here]:
