25th Nov 2015 09:51
LONDON (Alliance News) - Financial services investment company BCB Holdings Ltd Wednesday reported a flat net income for its first quarter of USD1.8 million.
BCB reported a small reduction in pretax profit for the quarter to USD2.5 million from USD2.9 million, as its interest income fell to USD8.6 million from USD10.1 million.
Shares in BCB were up 10% at 4.40 pence Wednesday morning.
BCB Holdings is a holding company with no independent business operations or assets other than its investments in its subsidiaries, intercompany balances and holdings of cash and cash equivalents. Its businesses are conducted through subsidiaries.
The Belize Bank Ltd is incorporated and based in Belize and focuses on the provision of financial services and lending to domestic clients. Belize Bank International Ltd is also incorporated and based in Belize and focuses on the provision of financial services and lending to international clients. BCB also owns an international corporate services business based in Belize.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.