Waterloo Investment Holdings Limited reported earnings results for the year ended March 31, 2012. For the year ended March 31, 2012, the company reported a net loss of $44.7 million versus 2011 net income of $11.1 million and net loss per ordinary share for the twelve months of $0.45 versus 2011 net income per ordinary share of $0.11 primarily due to non-cash provisioning without which WIHL would have shown a profit.