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Butterfield Bahamas returns to the black

By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det

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Butterfield Bahamas returns to the black

By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det

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Colina defends 'double book value' CFAL deal

Colina Holdings (Bahamas) yesterday said it paid “a fairly modest multiple” to acquire an affiliate from its majority shareholder, despite the $11.153 million purchase price being more than double CFAL’s net book value.

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After day 2, Weech 36th overall at Optimist Championships

JOSHUA Weech set a personal goal of being a top 30 finisher at the 2019 Optimist North American Championships and the Bahamas’ team captain made a major advancement toward that goal on day two.

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CIBC enjoys ‘best result’ for 11 years

CIBC FirstCaribbean’s Bahamian unit enjoyed its “best performance for 11 years” after 2018 profits rose nearly 11 percent due to improved loan book performance and rising US rates.

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J S Johnson in 170% claims rise through Dorian

J S Johnson yesterday revealed that a 170 percent spike in net claims incurred due to Hurricane Dorian has slashed its net income for the first nine months of 2019 by 26 percent. The BISX-listed broker and agent, also unveiling its third quarter fin

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Colina in $2.3m loss as COVID-19 bites

A BISX-listed life and health insurer yesterday disclosed that ordinary shareholders suffered a $2.3m net loss for the 2020 first quarter as COVID-19’s economic impact started to bite. Colina Holdings Bahamas, the parent company for Colina Insurance

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J. S. Johnson profits 'dampened' by 40%

HURRICANE activity slashed J. S. Johnson’s profits by 40.4 per cent net for the nine months to end-September 2017, with its underwriting affiliate suffering a $2.58 million ‘swing’.The BISX-listed insurance broker and agent told shareholders that its

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$1.23M PREFERENCE PAYOUT CAUSES BOB INVESTORS Q1 LOSS

By NEIL HARTNELL Tribune Business Editors Bank of the Bahamas International's ordinary shareholders suffered a minor $141,676 loss during the institution's fiscal 2012 first quarter, as timing issues related to $1.231 million in preference share dividend

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Ayton and Suns squander 24-point lead in loss to Nets

DEANDRE Ayton and the Phoenix Suns nearly had a perfect ending to their six-game homestand, but squandered a 24-point second half lead in a loss to the New Jersey Nets on Tuesday night.

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Colina Holdings Bahamas Limited post strong half-year financial results

COLINA Holdings Bahamas Limited (CHBL) has posted strong half-year financial results with a total net income of $6.9 million.

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Colina generates 27% investor profit rise

Colina Holdings (Bahamas) yesterday said a strong 2014 first quarter had generated a 27.2 per cent increase in net income attributable to ordinary shareholders, with total assets growing $14.8 million in three months.

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Colina reveals 21% profit rise

COLINA Holdings (Bahamas) Limited enjoyed a 21.4 per cent year-over-year increase in net income, and a $22.3 million asset base growth 2013.

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J S Johnson net profit off 25% on big losses

J S Johnson yesterday said it had managed to maintain 2011 dividend levels in line with the previous year, despite suffering a 25.1 per cent net income drop as a result of net claims incurred by its Insurance Company of the Bahamas (ICB) underwriting affiliate more than doubling.

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BOB takes $6.3m hit over Gov't downgrade

Bank of The Bahamas' was forced by the Moody's 'junk' downgrade of the Government's sovereign creditworthiness to take a $6.3m provisioning hit, its managing director said yesterday.

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NPIF reports 7.25% return year-to-date

THE New Providence Income Fund Ltd (NPIF) launched by Sterling Financial Group last January, has reported a year-to-date return of 7.25 per cent to its investors.

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COB worker’s pay changed, jury told

SUPREME Court jurors heard yesterday how former College of the Bahamas employee Chimeka Gibbs’ salary deductions and consequent net pay fluctuated both monthly and yearly, from 2008 to 2015.

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Bahamas in $40m foreign property buyer ‘outflows’

The Bahamas has suffered two consecutive years of $40 million-plus net real estate outflows due partly to the exit of foreign buyers, the Central Bank’s governor confirmed yesterday, with inward investment flows falling to $163.2 million in 2016.

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Arawak port predicts 20% profits plummet

New Providence's major commercial shipping port is projecting a near-20 percent year-over-year profit decline for its current financial year as COVID-19 depresses demand for cargo imports.

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GB Power capital raising ends $19m ‘current deficit’

Grand Bahama Power Company’s (GBPC) successful $32 million preference share issue will eliminate a $19.205 million deficit that previously existed between its current assets and liabilities, with its net income performance already showing the benefits of its revised tariff structure.