West Hamilton Holdings Limited Reports Results for the Nine Months Ended September 30, 2013; Approves Dividend, Payable March 24, 2014; Announces Change in Financial Year-End
January 30, 2014 at 01:05 pm
West Hamilton Holdings Limited reported results for the nine months ended September 30, 2013. Revenue for the period was $2,351,604 compared to $829,039 for the year of 2012, an increase of 183.65%. The comparative operating result for the period is in line with previous periods as the company realized a gain of $1,863,721 from the sale of local securities held in its investment portfolio. As a result of the sale of these securities, the company reported a reduction of $1,276,035 in accumulated other comprehensive income.
The company changed its financial year-end from December 31 to September 30 with effect from the current financial period ended September 30, 2013.
The company announced that the board of directors approved the payment of a dividend of $0.15 to shareholders of record on March 14, payable March 24, 2014.