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BEC backs net billing over metering
The BAHAMAS Electricity Corporation (BEC) prefers net billing to net metering, its general manager yesterday pledging that the utility would work with the Government to implement the legislative reforms necessry to facilitate renewable energy growth.
$7.5M allocatd for social safety net reform
THE government will allocate $7.5 million towards necessary social safety net reform, Minister of Social Services Melanie Griffin announced.
Pacers beat Nets 106-99
INDIANAPOLIS (AP) -- Paul George scored a career-high 24 points to lead the Indiana Pacers in a 106-99 win over the New Jersey Nets on Tuesday night. Danny Granger had 21 points and seven rebounds and Roy Hibbert had 18 points and 14 rebounds for the Pacer
Furious flurry by James gives Heat victory over Nets
NEWARK, N.J. (AP) -- LeBron James scored Miami's final 17 points in a furious one-man rally, finishing with 37 as the Heat pulled out a 101-98 victory over the New Jersey Nets on Monday night. In a game the Heat never led until the final 51 seconds, James
FamGuard unveils 15% profit growth
FamGuard Corporation has unveiled a 15 per cent year-over-year net income increase for the 2013 first half, driven by a total revenue increase and expenses that remained largely flat.
Benefits payout fall offsets FamGuard’s 58% annuity decline
FamGuard Corporation has unveiled a flat year-over-year net income for the 2012 third quarter and first nine months, with a 57.6 per cent drop in annuity deposits offset by a $4.5 million decline in net poliyholder benefits.
FamGuard net profits up 26% as annuities double
Family Guardian’s BISX-listed parent has unveiled a 26 per cent net income increase for the nine months to end-September 2013, aided by annuity deposits more than doubling year-over-year.
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
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
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
Colina's 'new life' after segment's 75% profits reduction
Colina Insurance is set to launch a new individual life “product suite” during the 2013 first half, in a bid to “boost sales volumes” after the segment’s net income contribution dropped 75 per cent in 2012.
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.
56 Bahamian millionaires target election wins
SOME of the Bahamas' wealthiest individuals, including 56 millionaires, are battling to become MPs in the General Election.
$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
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.
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.
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.
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.
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
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
