BENCHMARK HITS BLACK FOR FIRST TIME IN 11 QUARTERS

Tue, Aug 16th 2011, 11:22 PM

By NEIL HARTNELL

Tribune Business Editor

BENCHMARK (Bahamas) has recorded its first -albeit modest - net profit for 11 quarters, its chief executive and president telling Tribune Business that the firm's 70 per cent occupied Carmichael Road Commercial Centre will act as a development "landmark" in that area.

Acknowledging that the short-term outlook was possibly "less rosy" than it appeared at the 2011 second quarter end, due to the subsequent global stock market volatility, Julian Brown said the $13,650 net income performance showed the BISX-listed investment firm's business model and investing strategy remained sound.

Arguing that Benchmark (Bahamas) stock was ...

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