BAS GROUP REPORTS EARNINGS OF $2.8 MILLION

Posted by on Jul 4, 2016 in Local News & Alerts | 0 comments

BAS GROUP REPORTS EARNINGS OF $2.8 MILLION

Total consolidated net revenues total $39.4 million Earnings per share were $0.56 Bermuda Aviation Services Limited (the “Group” or “BAS”) today announces net earnings attributable to shareholders of $2.8 million for the year ended March 31, 2016. This compares to net income of $471,000 for the corresponding period in 2015. The Group has posted total consolidated net revenues of $39.4 million, down from $40 million in the prior year. Gross profit is $15.5 million, an increase of $1 million from the prior year. Total operating...

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Hamilton Princess Repositions as Leading Luxury Hotel

Posted by on Jun 30, 2016 in Local News & Alerts | 0 comments

Hamilton Princess Repositions as Leading Luxury Hotel

– Hotel Completes $100 million Renovation Project –  Hamilton Princess & Beach Club today announces the completion of a $100 million, three-year renovation project that has added luxury, contemporary features to the historic landmark property to meet the needs of today’s traveller. This third, and last, phase introduced a new gym last month and the hotel today announces the opening of the exhale spa with indoor and outdoor space and renovated pool, a new retail corridor, large outdoor terrace for the Trudeau Ballroom, new Fairmont...

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THE ARGUS GROUP REPORTS EARNINGS OF $7.3 MILLION

Posted by on Jun 27, 2016 in Local News & Alerts | 0 comments

THE ARGUS GROUP REPORTS EARNINGS OF $7.3 MILLION

-    Strong underlying earnings from business operations of $15.3 million -    Shareholders’ Equity increased to $122.6 million -    Interim dividend increased to nine cents per share  Argus Group Holdings Limited (the “Group” or the “Argus Group”) today announced net earnings to shareholders of $7.3 million for the year ended March 31, 2016. Included within the net earnings figure are unrealised investment losses of $8.0 million, which are driven by short-term volatility in global investment markets, and as such, are not...

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LOCAL COMPANIES APPOINTED TO WORK ON PROPOSED AIRPORT REDEVELOPMENT PROJECT

Posted by on Jun 27, 2016 in Local News & Alerts | 0 comments

LOCAL COMPANIES APPOINTED TO WORK ON PROPOSED AIRPORT REDEVELOPMENT PROJECT

Aecon Group Inc., a partner in the proposed redevelopment of Bermuda’s airport, announced today the engagement of Island Automation Limited, one of Bermuda’s leading electrical engineering consulting practices, to perform electrical engineering services and Onsite Engineering, Bermuda’s largest engineering design firm, to perform mechanical engineering services.  The appointments of these Bermudian companies for the first design phase of the project follow a competitive selection process.       Working closely with Aecon and SCOTT...

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