December 14, 2016 7:36 am

VB Holdings records profit, now valued almost $8m

An asset management company listed on the South Pacific Stock Exchange has announced strong results for the last period. VB Holdings was established in 1945 and yesterday announced its second interim dividends for the period ending November 2016. VBH was listed on the SPSE in 2001 and Board Chairman, Mr S.M. Sukhu said the company provided […]

An asset management company listed on the South Pacific Stock Exchange has announced strong results for the last period.

VB Holdings was established in 1945 and yesterday announced its second interim dividends for the period ending November 2016.

VBH was listed on the SPSE in 2001 and Board Chairman, Mr S.M. Sukhu said the company provided consistent returns to shareholders.

SUKHU: “VB Holdings has continued to provide reasonable dividends returns since the mid-90s to our esteemed shareholders consistently. Those that have been patient have also seen capital returns from our listing price of $1.15 to currently $3.70 per share.”

Financial Result

VB Holdings with its core business of Fleet Management and Property Management recorded revenue of $7 million compared to $6.8 million for the same period in the previous year.

The financial results of the Company for the year recorded a pre-tax profit of $1.4 million compared to $1.6 million for the previous corresponding year.

Property Management

The Company saw a reduction in rental income due to the end of term vacancies of some property that have since been re-rented and will reflect in the next year.

Market Capitalization

The recent share price at an all-time high of $3.70. The market capitalization of the Company is just under $8 million.