{"id":21743,"date":"2012-05-16T08:47:27","date_gmt":"2012-05-16T12:47:27","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=21743"},"modified":"2012-05-16T08:47:27","modified_gmt":"2012-05-16T12:47:27","slug":"benchmark-bahamas-shrugs-off-loss-turns-profit","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/05\/benchmark-bahamas-shrugs-off-loss-turns-profit","title":{"rendered":"Benchmark Bahamas Shrugs Off Loss, Turns Profit"},"content":{"rendered":"<figure id=\"attachment_1108\" aria-describedby=\"caption-attachment-1108\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1108\" title=\"benchmark\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2010\/08\/benchmark.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2010\/08\/benchmark.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2010\/08\/benchmark-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-1108\" class=\"wp-caption-text\">Benchmark (Bahamas)<\/figcaption><\/figure>\n<p>Benchmark (Bahamas) yesterday attempted to put 2011&#8217;s $2.5 million net loss behind it, as it generated a more than $338,000 swing to produce a modest $53,183 2012 first quarter profit.<\/p>\n<p>The company attributed the improvement from a $285,250 loss during the first three months of 2011 to an improved performance by its investment portfolio, leading to it last night predicting that &#8220;the worst of the market volatility impacting our portfolio strategy and equity investments is behind us&#8221;.<\/p>\n<p>In a statement, the BISX-listed investment firm said the net movement in unrealised appreciation on its investment portfolio produced a positive $210,641 gain during the 2012 first quarter, compared to a $263,999 loss during the 2011 comparative period.<\/p>\n<p>This accounts for all Benchmark&#8217;s 2012 first quarter improvement. Its international broker\/dealer subsidiary, Alliance Investment Management, produced $441,340 in 2012 first quarter profits, more than countering the losses produced by the other affiliates.<\/p>\n<p>Benchmark Advisors (Bahamas) suffered a loss of $2,636), while Benchmark Properties was $15,472 in the red and Benchmark (Bahamas) suffered a $370,049 loss.<\/p>\n<p>Benchmark added: &#8220;Consolidated revenue for the quarter totaled $258,639, which was 23 per cent lower compared to last year&#8217;s first quarter,<\/p>\n<p>&#8220;Consolidated expenses totalled $415,894, which was a 10 per cent increase compared to the same period last year. This increase was primarily due to Benchmark Properties&#8217; operating expenses.<\/p>\n<p>&#8220;We are pleased with the performance of Benchmark for the quarter, as our investment strategy is showing long-term signs of above average market performance.&#8221;<\/p>\n<p>Earnings per share were $0.01, compared to a $0.06 loss for the 2011 first quarter.<\/p>\n<p>Neil Hartnell<br \/>\nThe Tribune<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark (Bahamas) put the $2.5 million net loss from 2011 behind it, and has moved on to generate a modest $53,183 2012 first quarter profit.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[98,289],"class_list":["post-21743","post","type-post","status-publish","format-standard","hentry","category-business","tag-financial","tag-investments"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/21743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=21743"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/21743\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=21743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=21743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=21743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}