Mar 2006 Financial News

Fortress Caribbean Property Fund releases First Quarter Results

Mar 02, 2006

All Figures quoted in Barbados dollars

Fortress Caribbean Property Fund (CPF) reported Earnings per Share of $0.016 in its recently released first quarter results for the period ended December 31, 2005. This earnings remained relatively the same over the new issued share capital in comparison to the number of shares in issue the previous year. The issued share capital of the fund increased from 35,742,268 in 2004 to 66,718,500 in 2005.

While revenues increased 32 per cent expenditures rose by a 52 per cent margin leading to a 21.51 per cent increase in Net Profit. The Net Asset Value per share increased 8.94 per cent to $1.34.

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

Sreshtha Tewari
WISE Research Team