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March 29, 2015 6:24 AM ET

Media

Company Overview of Bermuda Press (Holdings) Limited

Company Overview

The Bermuda Press (Holdings) Limited engages in publishing and printing businesses in Bermuda. The company conducts its operations through Publishing and Retail, Printing, and Rental and Other segments. The Publishing and Retail segment is involved in newspaper, online, and magazine publishing activities; and the sale of stationery and office equipment. The Printing segment engages in commercial and retail printing, and directory publishing activities. The Rental and Other segment is involved in property rental activities, investment activities, and other operations. The Bermuda Press (Holdings) Limited also provides online classified advertising services. The company is based in Hamilton, B...

2 Par-la-Ville Road

Hamilton,  

Bermuda

Key Executives for Bermuda Press (Holdings) Limited

Bermuda Press (Holdings) Limited does not have any Key Executives recorded.

Bermuda Press (Holdings) Limited Key Developments

Bermuda Press (Holdings) Limited Reports Unaudited Earnings Results for the Six Months Ended March 31, 2014

Bermuda Press (Holdings) Limited reported unaudited earnings results for the six months ended March 31, 2014. For the period, revenue was BMD 12,102,000 against BMD 12,638,000 a year ago. Net income before discontinued operations and extraordinary items was BMD 45,000 against BMD 844,000 a year ago. Loss attributable to shareholders before extraordinary items was BMD 112,000 or 3 cents per share against income attributable to shareholders before extraordinary items of BMD 675,000 or 61 cents per share a year ago. Net loss attributable to shareholders was BMD 112,000 or 8 cents per share against net income attributable to shareholders of BMD 675,000 or 49 cents per share a year ago. The decrease in revenue in 2014 was primarily a result of the slowing down of advertising revenue in The Royal Gazette. Whilst the publication is maintaining healthy levels of readership, its advertisers continue to be cautious with advertising expenditure.

Bermuda Press (Holdings) Limited Announces Unaudited Group Earnings Results for the First Six Months Ended March 31, 2013; Provides Dividend Guidance for the Financial Year

Bermuda Press (Holdings) Limited announced unaudited group earnings results for the first six months ended March 31, 2013. For the period, the company reported revenue of BMD 12,638,000 compared to BMD 13,028,000 a year ago. Net income before discontinued operations and extraordinary items was BMD 844,000 compared to net loss before discontinued operations and extraordinary items of BMD 13,000 a year ago. Net income attributable to shareholders was BMD 675,000 or 61 cents per basic and fully diluted share compared to net loss attributable to share of BMD 202,000 or 10 cents per basic and fully diluted share a year ago. The dividend is currently being paid quarterly at a rate of 10 cents per share and the board expects this rate to be maintained through the end of the financial year.

Bermuda Press (Holdings) Limited Appoints Poohan Nathan as Chief Financial Officer

Bermuda Press (Holdings) Limited advised that Mr. Poohan Nathan has been appointed as Chief Financial Officer. Mr. Nathan is a chartered accountant and fellow of the Association of Chartered Certified Accountants (ACCA). Formerly as senior manager with PwC Bermuda, Mr. Nathan has served in senior management positions with Big Four accounting firms in Bermuda, New Zealand and Malaysia. Poohan Nathan has been appointed as Chief Financial Officer of Bermuda Press (Holdings) Limited on April 1, 2013.

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