From the Wires
Bexil Corporation Announces Third Quarter 2012 Financial Results
By: Marketwired .
Dec. 7, 2012 02:42 PM
NEW YORK, NY -- (Marketwire) -- 12/07/12 -- Bexil Corporation (PINKSHEETS: BXLC) today reported its financial results for the third quarter ended September 30, 2012.
Bexil recorded net income attributable to Bexil shareholders of $138,451 or $0.13 per share fully diluted for the three months ended September 30, 2012 compared to a net loss attributable to Bexil shareholders of $356,172 or $0.35 per share for the three months ended September 30, 2011. Results for the third quarter of 2012 benefited from, among other things, an increase in unrealized gains on investment securities accounted for as trading securities and from dividends earned on such securities. For the nine months ended September 30, 2012, Bexil recorded a net loss attributable to Bexil shareholders of $2,102,209 or $2.06 per share compared to a net loss attributable to Bexil shareholders of $789,840 or $0.78 per share for the nine months ended September 30, 2011.
The Company's book value per share attributable to Bexil shareholders at September 30, 2012 was $32.48, based on shareholders' equity attributable to Bexil shareholders of $33,116,925 and 1,019,592 shares issued and outstanding.
The Company's unaudited balance sheet, statements of income, and statements of cash flows as of and for the third quarter and nine months ended September 30, 2012 are appended to the copy of this press release on www.bexil.com.
About Bexil Corporation
Safe Harbor Note
The Company views book value per share, a non-GAAP financial measure, as an important indicator of financial performance. Presented in conjunction with other financial information, the combined presentation can enhance an investor's understanding of the Company's underlying financial condition and results from operations. The definition of book value as presented in this press release is shareholders' equity attributable to Bexil shareholders divided by currently issued and outstanding shares.
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