Mar 2006 Financial News

BS&T releases First Quarter Results

Mar 01, 2006

All Figures quoted in Barbados Dollars

Barbados Shipping & Trading (BST) reported Net Income of $8.862 million for the first quarter ended December 31, 2005. This was 70 per cent less than that reported for the first quarter of 2004.

This depression is of course due to the fact that over 70 per cent of BST's net income was made up of Gains on Investments from the Company's shareholding of Neal & Massy Shares. If this gain is backed off in 2004, Net Income is reduced to approximately $8.320 million for that period, which gives a 6.5 per cent increase quarter on quarter.

Look out for a detailed analysis of these results in the WISE Weekly Report.

Sreshtha Tewari
WISE Research Team