Story
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.
Story
Central Bank expects growth at ‘moderated pace’ in economy
The Central Bank revealed yesterday that the reduction in external reserve balances for November slowed by over $77.8m from 2022, reflective of net foreign currency outflows through the private sector.
Story
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.
Story
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.
Story
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.
Story
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.
Story
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.
Story
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.
Story
FINCO’s repossessed collateral jumps 30%
Royal Bank of Canada’s (RBC) BISX-listed mortgage arm narrowly beat prior year comparatives with $40m in profits for the year to end-October 2022 following recovery of more than $16m in credit loss provisions.
Story
First BOB dividend in 11 years ‘a miracle’
Bank of The Bahamas’ first dividend payment for 11 years was yesterday hailed as “a miracle” by its long-suffering shareholders after it reported its second consecutive year with profits above $11m.
Story
BISX-listed firms blame profits drop on inflation
Two BISX-listed companies have blamed surging inflation for a margin squeeze that resulted in first-half and second quarter 2023 profits slipping against prior year comparatives.
Story
Insurer closes on $25m net equity 'landmark'
A Bahamian general insurer is expecting to hit the $25 million net equity “landmark” by mid-2013, after last year’s net income performance beat budget targets by 30 per cent.
Story
Gov't pays '3x' value of BOB's toxic loans
Bank of the Bahamas’ (BOB) latest bail-out has cost Bahamian taxpayers more than three times’ the net value of toxic loans purchased from the stricken BISX-listed bank. The full-year 2017 accounts, released yesterday, reveal that the Government paid
Story
Gov’ts Central Bank debt soars 85% on IMF SDRs
The Government’s controversial borrowing of IMF special drawing rights (SDRs) reversed five years of decline by causing its net debt to the Central Bank to soar by 85.4 percent to $805.6m.
Story
FINCO in profit boost as bad loans hit $100m
FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in
Story
FINCO in profit boost as bad loans hit $100m
FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in
Story
Doctors in $7.747m COVID testing boost
Doctors Hospital enjoyed a $7.747m revenue boost as a result of administering more than 100,000 COVID-19 tests during the ten months to end-January 2021, it has been revealed.
Story
BOB profits near $2m for half-year
BANK of the Bahamas (BOB) yesterday provided further evidence that its $167.7 million bail-out may provide the foundation for a sustainable future, as half-year profits neared $2 million.The troubled BISX-listed bank enjoyed two consecutive profitabl
Story
Latin American slip 'no cause for alarm'
The 2012 decline in Latin America’s high net worth statistics is “no cause for alarm” in the Bahamian financial services industry, with overall global growth presenting “more opportunities” for this nation.
Story
Accused ‘offered to pay back’ money from COB
SUPREME Court jurors heard yesterday how former College of The Bahamas employee Chimeka Gibbs told officials, when confronted about allegations of theft, that she was willing to return some of the money she is accused of stealing from the institution.
