December 10, 2016 10:23 PM ET

Transportation Infrastructure

Company Overview of Polaris Holding Company Ltd.

Company Overview

Polaris Holding Company Ltd., through its subsidiaries, provides freight handling services on the Hamilton docks. The company also owns and manages heavy port operating equipment that range from small propane operated forklifts to large mobile harbor cranes used to service container ships calling on the port of Hamilton. In addition, it owns and manages an industrial property. The company was founded in 1966 and is based in Hamilton, Bermuda.

Stevedore House

38 Front Street

Hamilton,  HM 12

Bermuda

Founded in 1966

Phone:

441-292-3366

Fax:

441-295-8708

Key Executives for Polaris Holding Company Ltd.

Polaris Holding Company Ltd. does not have any Key Executives recorded.

Polaris Holding Company Ltd. Key Developments

Polaris Holding Company Ltd. Appoints George Thomas as New Director

Polaris Holding Company Ltd. announced the appointment of Mr. George Thomas Jr. as new director. Mr. Thomas brings his vast experience as a business strategist, negotiator and advisor in global markets including North America, Asia and Europe to the Polaris Board.

Polaris Holding Company Limited Reports Earnings Results for the Six Months Ended September 30, 2015

Polaris Holding Company Limited reported earnings results for the six months ended September 30, 2015. The company reported that container volumes were up 3.9% year over year, with loose break bulk cargo also significantly higher year over year. Revenue for the half was $5.59 million, 13.9% above prior year’s $4.91 million. The company reported profits for the six months ended September 30, 2015 of $737,000 or $0.59 per share. Contrast this to last year’s first half which reflected a loss of $271,000 or $0.22 per share and the prior year ended March 31, 2015 in deficit of $443,000 or $0.34 per share. Operating expenses in the current half were trimmed over $300,000 from the prior year’s first six months, despite the higher volumes. This cost cutting punctuates a significant improvement in operations.

Polaris Holding Company Limited Announces Earnings Results for the Year Ended March 31, 2015; Provides Earnings Guidance for the First Quarter of Fiscal 2016

Polaris Holding Company Limited announced earnings results for the year ended March 31, 2015. For the year, the company reported a loss of $443,000 against $1.94 million a year ago. Consistent with the cargo decline, company revenue at $9.22 million was modestly off fiscal 2014 which reflected a $9.30 million top line. For the first quarter of fiscal 2016, the company expects profits above $450,000.

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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