Hashtag: #KeyTech
KeyTech: Comprehensive Loss Of $1.9 Million
The KeyTech Group of Companies today [July 29] announces a total comprehensive loss from continuing operations of $1.9 million for the year ending March 31, 2015, compared with $1.7 million in the previous year. Net loss for the year from continuing operations was $15.9 million versus $2.1 million in the prior year. A loss of $18.6 million was attributed... Read more of this article
Bermuda CableVision To Merge With Logic
KeyTech confirmed that its subsidiary has acquired 100% of the issued shares of Bermuda CableVision which will allow CableVision to be merged with Logic Communications, and as a result of the merger Cablevision will be rebranded as Logic. “The KeyTech Group of Companies today announces that its subsidiary has acquired 100 per cent of the issued... Read more of this article
Six Months: KeyTech Posts Loss Of $19.9 Million
The KeyTech Group of Companies today [Mar 24] announced a loss of $19.9 million for the six month period ended September 30, 2014, compared with earnings of $6.4 million for the same period in the prior year. The loss was related to the sale of BTC. KeyTech CEO, Lloyd Fray [pictured] commented: “During the six month period ended September 30th, 2014,... Read more of this article
Bermuda First Investment Company Results
Bermuda First Investment Company Limited [BFIC], 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, 2014. Highlights: Revenue of $0.2 million [2013: $0.8 million]; Market value of investments as at September 30, 2014 of... Read more of this article
KeyTech Reports Earnings Of $5.7 Million
The KeyTech Group of Companies today [Oct 31] announced earnings of $5.7 million for the year ended March 31, 2014, compared to $8.3 million in the prior year. “Notwithstanding the economic growth challenges in Bermuda and Cayman, the last 12 months have been successful in terms of strategic positioning for the company,” said KeyTech CEO Lloyd Fray... Read more of this article
KeyTech Temporarily Suspends Dividends
In a letter to shareholders, KeyTech Limited announced that they decided to temporarily suspend the dividend for the quarters ended September 2014 and December 2014. “Over the years, KeyTech has maintained payment of a healthy dividend to our shareholders. The Board assures you that this decision was not taken lightly and therefore very much appreciates... Read more of this article
KeyTech’s “Transformational Transactions”
The KeyTech Group of Companies confirmed that its subsidiary, WestTel Limited [Logic Cayman], doing business in Cayman, has acquired British Overseas Territory Cable & Telecommunications, Ltd. [BOTCAT], a company incorporated in Cayman. BOTCAT owns WestStar TV Limited in Cayman and an interest in CableVision Holding Ltd. in Bermuda. Following completion... Read more of this article
KeyTech To Sell 100% Of Interest In BTC
The KeyTech Group of Companies announced that it is entering into an agreement for its subsidiary, WestTel Limited, doing business as Logic in the Cayman Islands [Cayman] to acquire British Overseas Territory Cable & Telecommunications, Ltd. [BOTCAT], a company incorporated in Cayman. In addition, the company will have a controlling interest in... Read more of this article
KeyTech Reduces Dividend From $0.12 To $0.09
The KeyTech Group of Companies announced a cash dividend of 9 cents a share payable on April 15, 2014, to shareholders of record as of April 3, 2014. The currently declared dividend rate of 9 cents per share is supported by the earnings of KeyTech’s core businesses, the Company said. The dividend is reduced from a recent quarterly rate of 12 cents... Read more of this article
29.9%: BFIC Increases Shareholding In KeyTech
KeyTech Limited announced that Bermuda First Investment Company Limited [BFIC] increased its shareholding in the Company to 29.9%. In a share transaction initiated on 16 September, 2013, BFIC purchased 935,000 KeyTech Limited common shares. Bermuda First Investment Company Limited is a Bermuda exempt investment holding company with significant investments... Read more of this article
KeyTech Annual Profit Increases To $8.3 Million
The KeyTech Group of Companies concluded fiscal year 2012/13 with a profit for the year of $8.3 million versus $7.2 million for the prior year. KeyTech is the parent company of companies including the Bermuda Telephone Company Limited, Logic Communications and the Bermuda Yellow Pages Limited. “Despite continuing challenges due to the economy, we... Read more of this article
Phillips To Succeed King As KeyTech Chairman
As announced at the 2012 Annual General Meeting, Dr. James King will be retiring as Chairman of the KeyTech Group of Companies at the Annual General Meeting on July 26th, 2013. The Board of Directors of KeyTech has identified Gary Phillips to succeed Dr. King as Chairman. Michael Mello, Chairman of the Governance Committee for KeyTech, says: “I would... Read more of this article
