Bahamas First eyes 80.5 profit growth

Sun, Oct 3rd 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

Bahamas First Holdings is projecting an 80.5 per cent increase in year-over-year net comprehensive income to $7.598 million for its 2010 financial year, Tribune Business can reveal, boosted by a forecast $2 million contribution from its new Cayman Islands acquisition.

The general insurance holding company is also predicting that net comprehensive income will increase again in its 2011 and 2012 financial years, rising by 23.6 per cent year-over-year to $9.391 million in the former, and again by 5.5 per cent to $9.904 million in the latter.

The projections, which Bahamas First Holdings emphasised were not a guaranteed financial performance, were cont ...

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