Shore Capital profit falls slightly – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Shore Capital profit falls slightly

Investment bank Shore Capital Group Ltd's profit held up well during 2010 driven by a diverse range of operations and strong balance.

The company, which is focused on equity capital markets, alternative asset class fund management and principal finance and has a secondary listing on the Bermuda Stock Exchange, posted a profit of £10.6 million last year, down slightly from £11.0 million in 2009, according to its results for the year ended 31 December, 2010.

Its pre-tax profit was £8.4 million, reduced from £12.5 million the year prior.

Shore Capital recorded comprehensive earnings per share of two pence compared to 3.31 pence the previous year, which included a one-off gain on its shares held in Puma Brandenburg Ltd, and declared a dividend of 0.625 pence per share - the same as the year before.

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Published March 28, 2011 at 2:00 am (Updated March 28, 2011 at 10:17 am)

Shore Capital profit falls slightly

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