A strong performance from its Alliance Investment Management subsidiary enabled Benchmark (Bahamas) to post one of its best results since its April 2000 initial public offering (IPO). Earnings for the six months ending June 30 were over $97,000, although analysts suggested the special dividend of $0.01 per share should have been reinvested in the company rather than paid to shareholders.
In announcing earnings of $0.02 per share for the six months ending on June 30, Reno Brown, Benchmark’s Chairman and CEO, said: “I believe the results to date indicate that we have found the perfect mixture for Benchmark’s business model and future earnings growth potential with the inclusion of Alliance and (Benchmark) Advisors.”
“I look forward to the continued development of our company as we move from start-up to small cap and, eventually to blue chip. This, I believe, is in line with our long-term objective to maximise shareholder value.” Mr. Brown added.
