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BCB Holdings Slides As It Swings To Loss

Mon, 24th Feb 2014 11:16

LONDON (Alliance News) - BCB Holdings Ltd saw its shares fall sharply Monday after it revealed that it swung to a loss in its fiscal third quarter.

In a statement, the parent company of The Belize Bank reported a net loss from operations of USD2.7 million for the three months to end December, compared with a USD2.1 million profit a year earlier.

That brought the loss for the first nine months of the financial year to USD4.8 million, compared with a profit of USD4.7 million a year earlier.

BCB Holdings shares were down 11.1% Monday morning, one of the biggest declines on the London market.

By Steve McGrath;; @SteveMcGrath1

Copyright 2014 Alliance News Limited. All Rights Reserved.

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