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Somers Reports 2023 Full Year Results

Somers Reports 2023 Full Year Results
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Somers Limited Reports Full Year Results

Somers Limited Reports Full Year Results
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Somers Reports First Quarter 2021 Net Income

Somers Reports First Quarter 2021 Net Income The filing stated: Somers Limited [“Somers” or “the Company”, BSX: SOM.BH], a financial services investment holding company, today announces that following the record net income of $190.1 million for the first quarter of the year, the Company is pleased to report net income of $13.0 million for the quarter ended March 31, 2021. Net Asset Value [“NAV”] per share at the end of March was $28.69, while shareholders’ equity was $625.0 million, an increase of 48.1% from the start of the financial year. Gearing remains modest at 12.8%. Overview of the quarter ended March 31, 2021: Shareholders’ equity of $625.0 million as at March 31, 2021 [September 30, 2020: $422.1 million].

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