Bexil Corporation Announces Third Quarter 2019 Financial Results
NEW YORK, NY / ACCESSWIRE / November 14, 2019 / Bexil Corporation (OTC PINK:BXLC) (“Bexil” or the “Company”) today reported its financial results for the third quarter ended September 30, 2019.
For the three months ended September 30, 2019, Bexil recorded net income attributable to Bexil shareholders of approximately $0.89 million or $1.03 of diluted earnings per share, compared to a net loss attributable to Bexil shareholders of approximately $0.18 million or $0.20 of diluted earnings per share for the three months ended September 30, 2018.
For the nine months ended September 30, 2019, Bexil recorded net income attributable to Bexil shareholders of approximately $3.48 million or $3.94 of diluted earnings per share compared to a net loss attributable to Bexil shareholders of approximately $0.79 million or $0.89 of diluted earnings per share for the nine months ended September 30, 2018.
The Company’s book value per share attributable to Bexil shareholders at September 30, 2019 was $25.25, based on shareholders’ equity attributable to Bexil shareholders of approximately $21.17 million and 838,474 shares issued and outstanding.
The Company’s consolidated unaudited balance sheet, statements of comprehensive income (loss), and statements of cash flows as of and for the nine months ended September 30, 2019 are appended to the copy of this press release on www.Bexil.com.
About Bexil Corporation
Bexil is primarily engaged through a wholly owned subsidiary in investment management. To learn more about Bexil, including Rule 15c2-11 information, please visit www.Bexil.com.
Safe Harbor Note
This release may contain certain “forward looking statements” made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Bexil, which may cause the Company’s actual results to be materially different from those expressed or implied by such statements. Investors should carefully consider the risks, uncertainties and other factors, together with all of the other information included in the Company’s Annual Report, at http://www.bexil.com/cautionary-language.html, and similar information. All forward looking statements made herein are only made as of the date of this release, and the Company undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.
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.
Chief Financial Officer
SOURCE: Bexil Corporation
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