Bexil Corporation Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016
Bexil Corporation announced audited consolidated earnings results for the year ended December 31, 2016. For the full year, the company reported Revenue was $1,617,175 against $1,699,267 a year ago. Net income from continuing operations was $956,022 against net loss from continuing operations of $2,230,535 a year ago. Net income attributable to company shareholders was $949,250 against net loss attributable to company shareholders of $1,657,871 a year ago. Diluted earnings per share from continuing operations were $0.97 against diluted loss per share from continuing operations of $2.27 a year ago. Diluted earnings per share attributable to company shareholders were $0.97 against diluted loss per share attributable to company shareholders of $1.69 a year ago. Net cash used in operating activities was $2,296,577 against $52,692 a year ago. The company's book value per share attributable to company shareholders at December 31, 2016 was $18.64, based on shareholders' equity attributable to company shareholders of $18.2 million and 977,168 shares issued and outstanding, share, up 7.8% from $17.29 per share a year earlier.