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Which 3 Stocks Would Warren Buffett Buy?BCB plummets after swinging to full-year loss
27-06-2011 14:05
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Shares in financial services provider BCB Holdings fell by almost a quarter on Monday after the group revealed that it swung into the red in the year ended 31 March.
The firm, which operates in Belize and the Turks and Caicos Islands, reported a net loss of $7.3m, compared with a net income of 25.9m the year before, primarily as a result from lower interest income and higher expenses.
Operating losses totalled $30.3m, down from a profit of $7.3m previously. Loss per share fell to $0.07, from a profit of $0.27.
Shares were trading 22.5% down at 55p as of 14:18 in the afternoon.
Cash and cash equivalents fell to $43.2m at the end of the period, from $58.7m at the end of the previous year.
BC
The firm, which operates in Belize and the Turks and Caicos Islands, reported a net loss of $7.3m, compared with a net income of 25.9m the year before, primarily as a result from lower interest income and higher expenses.
Operating losses totalled $30.3m, down from a profit of $7.3m previously. Loss per share fell to $0.07, from a profit of $0.27.
Shares were trading 22.5% down at 55p as of 14:18 in the afternoon.
Cash and cash equivalents fell to $43.2m at the end of the period, from $58.7m at the end of the previous year.
BC
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