BISX-listed Colina Holdings returned to profitability with a total net income of $1.3 million for the three months ended September 30, 2011, its chairman stating that the second quarter results were largely affected by the reduction in the Bahamian prime rate.

For the 2011 third quarter, Colina Holdings recorded net income attributable to ordinary shareholder of $1.3 million or $0.05 per ordinary share. This compares to $11.4 million or $0.46 per ordinary share for the same period in 2010.

"The company's results were largely affected by the reduction in the Bahamian prime interest rate in the second quarter, which required the company to increase its actuarial reserves on its long term i ...

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