“Operationally, the quarter and a half year results continue to signal strong revenue growth as net operating profits for the quarter was B$74,462 and B$455,476 respectively,” the company said in a press release.<\/p>\n
Benchmark also reported its half year earnings performance before consolidation was $B334, 988. <\/p>\n
The company said further in its press release: “The strength of our investment portfolio was the catalyst behind the strong earnings growth and also contributed to offsetting the reduction in revenue from the suspension of ICD Utilities dividend.<\/p>\n
“Operationally, Alliance Investment Management Ltd, our class one licensed broker dealer had a strong first half performance with revenue and earnings growth up 27 and 35 percent year over year.” <\/p>\n
Further, the company said revenue growth was led by investment income and brokerage commissions and added that trading activity was strong during the period. <\/p>\n
“Net profit contributed for the half year was $B418, 800. Benchmark Advisors (Bahamas) Ltd our Bahamian investment management company contributed net earnings of B$16,738 for the half year,” the press release read.<\/p>\n
Compared with the 12 cents earnings per share (or $584,064) for the six months of 2005, earnings per share for the first six months of 2006 was 16 cents per share (or $B770, 526). <\/p>\n
Net assets stood at B$5,931,743 after the first six months this year. <\/p>\n
Book value was B$1.20 per share, up 19 cents year over year and 16 cents from year end, 2005 Benchmark reported. <\/p>\n
The Nassau Guardian<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"
Benchmark reported its half year consolidated net earnings were up by 24 per cent over the previous year.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","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":[],"tags":[],"class_list":["post-243284","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243284","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=243284"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=243284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=243284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=243284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}