The consolidated performance of the domestic investment portfolio of Benchmark (Bahamas) Ltd. continues to suffer, according to its nine month performance report.
The company, which is listed on the Bahamas International Securities Exchange (BISX), issued a press release yesterday revealing that for the nine month period ending September 30, the company experienced a loss of 19 cents per share against a loss of 12 cents per share for the same period during 2008.
According to the publicly traded investment company, the results for the nine month period continued to be affected by the performance of its investment portfolio, as net movement in realized and unrealized loss on investments was $1,593,517.
Despite the increase in net loss of 12 cents per share, the nine month results reported a strong continual growth in assets from new business.
The company’s consolidated net investment income for the period was $386,427 against $153,174 for the same nine month period last year.
Benchmark Investment portfolio produced net movement in unrealized depreciation of investments of $698, 162.
Benchmark Advisors, Benchmark Properties and Alliance contributed net loss for the period of $17,072, $350 and $217, 049 respectively.
- Austin DWI - New York DWI