Benchmark To Increase Real Estate Assets

Real Estate could eventually account for up to 30-50 per cent of Benchmark (Bahamas) asset base. The BISX-listed company told the Tribune newspaper that they are prepared to invest an additional $2-$3 million in this area if the right short-term opportunities present themselves after turning a small third quarter profit.

Julian Brown, Benchmark (Bahamas) president and chief executive, said that while the company’s financial performance had taken a “hammering” in previous quarters, largely due to the slippage in values of both Bahamian and internationally-listed equities, the company had managed to generate a small $105,000 – $0.02 per share – profit for the three months to September 30, 2010.