For the reported period, net sales of the BVI company were US$33.8 million, an increase of 35% when compared to US$25.0 million reported for the second quarter of the year 2012. Net sales of home appliances and electronic components increased approximately 58% and 31%, respectively, while revenues in electronic manufacturing services declined approximately 13% for the second quarter of 2012. Net income was US$1.2 million, or US$0.39 per share, compared to a net loss of US$0.9 million, or US$0.29 per share, for the second quarter of fiscal 2011.

For the six months period ended September 30, 2011, net sales were US$58.9 million, up 16% as compared to US$50.8 million in the same period of fiscal 2011. In the first six months of 2012, net sales of home appliances and electronic components increased approximately 18% and 19%, respectively, while revenues in electronic manufacturing services declined approximately 3%, compared to the same period in fiscal 2011. Net loss in the reported period of fiscal 2012 was US$0.4 million, or US$0.13 per share, compared to a net loss of US$0.1 million, or US$0.03 per share, for the corresponding period of fiscal 2011.

John C.K. Sham, BVI company’s CEO and President, said in his comments on the results for the second quarter that company’s cash less short-term debt position has improved significantly since the end of fiscal year 2011 and, as of September 30, 2011, now exceeds US$13.00 per share.

For the six months ended June 30, 2011, the BVI company reported net income in the amount of US$1,330,000. At the same time, the further drop of revenues from trading business was US$2,139,000.

Company’s operating results changed from the loss for the six months ended June 30, 2010 to a net income for the six months ended June 30, 2011 – principally due to the reduction of selling and administrative expenses of approximately US$428,000.

According to the Consolidated income statement of the BVI company for the six months period, company’s financial income was USD 806,895 (compared to 8,270 in the same period of 2010). In the consolidated balance sheet of the company as of 30 June 2011, there are the following figures: total assets of the company are USD 95,126,962 , reported share capital is USD 2,503,562, accumulated losses of the BVI company are USD 92,387,842.

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic. Currently company’s main activities are the development of the Kiziltash Project and the Tulkubash Project situated within the Middle Tien Shan Mountains of Kyrgyzstan.

For the six months ended September 30, 2010, the BVI company reported net sales in the amount of US$50.8 million, compared to US$54.6 million in the corresponding six-month period of the last year. Net loss for the six months was US$0.1 million, or US$0.03 per share, compared to net income of US$2.7 million, or US$0.89 per share, for the first half of fiscal 2010.

Global-Tech’s President and CEO Mr. Sham said in his comments that the increased revenues from the electronic component and electronic manufacturing service businesses “were insufficient to offset the continued decline in net sales of our floor care business.” He also said that the “overall gross profit margin remains weak as operating costs, particularly labor and energy costs, continue to increase. This increase in costs was attributable, in part, to rising inflation that has been taking place in China. Additionally, our fixed cost absorption rate increased due to declining activity. Accordingly, the Company must continue to refine its focus on productivity and efficiency.”

By words of Mr. Sham, the company does not expect significant improvements in the floor care business during the remainder of fiscal year, and accordingly it is increasing its efforts to incorporate proprietary elements into the electronic component business and improve efficiencies in its EMS business. Also, Global-Tech continues its emphasis on the expansion of business in China.

The executive also noted that the company is likely to receive similar premium growth in 2011 and in 2010. In the next few years, the company expects significant growth in Mexico, Colombia, Peru, Brazil and Argentina.

Barents Re is one of the largest reinsurance companies in Latin America, mainly focused on facultative reinsurance for mass market insurance products, surety bonds and financial risks. The company has representative office in Venezuela, an office in Miami and a subsidiary in Belize. It is now in the process of entering Puerto Rico, to start operations there in 2011. Last year Barents Re had approximately US$11 million in net profits, ROE of 16.9% and net loss ratio of 56%.

China Cablecom Holdings, Ltd. announced its unaudited financial results for the fourth quarter and full year ended December 31, 2009. The issued release reflects both pro forma and actual financial results due to the completion of China Cablecom’s acquisition of 55% stake in Hubei Chutian Video & Information Network in the third quarter of 2008. The financial results of Hubei have been consolidated beginning with July 1, 2008. Along with this, the fourth quarter 2009 results of operations reflect the business combination with Jaguar Acquisition Corporation.

For the fourth quarter of 2009, consolidated revenues of the company were $13.2 mln compared to $9.8 mln revenue for the fourth quarter of 2008 – a 35% year-over-year increase. Consolidated operating expenses for the fourth quarter period were $7.2 mln, compared to operating expenses of $5.7 mln for the same period of 2008. The main reasons for the increase of operating expenses were debt restructuring and fundraising, which was completed in Q4 2009.

The net loss attributable to ordinary shareholders for the fourth quarter of 2009 was $43.4 mln, or $11.14 per share (basic and diluted) compared to a net comprehensive loss of $4.6 mln, or $1.43 per share (basic and diluted) in Q4 2008.

For the full year ended December 31, 2009, China Cablecom reported consolidated revenues in the amount of  $45.6 mln. Pro forma operating expenses for the twelve months ended December 31, 2009 were $22.6 million. Net loss for the twelve months ended December 31, 2009 was $56.3 mln, or $16.56 per share (basic and diluted). For the reported period, the BVI company used weighted average shares outstanding of 3.4 mln.

The British Virgin Islands-registered holding company Global-Tech Advanced Innovations Inc. reported its financial results for the fiscal quarter ended December 31, 2009, which is the company’s third quarter of fiscal 2010.

In the third quarter of the year, company’s net sales made $25.7 million – a 68.1% increase when compared to $15.3 million for the third quarter of 2009. Net sales of electronic components increased approximately 37% in the third quarter of fiscal 2010, compared to the same quarter of the previous year. Also, in this period net revenues from telecommunication manufacturing services exceeded 10% of total revenues, compared to less than 3% of total revenues in the third quarter of the previous year.

Net income for the third quarter of the year was $0.7 million, or $0.24 per share, compared to a net loss of $1.8 million, or $0.57 per share, for the third quarter of fiscal 2009. Net sales for the nine months ended December 31, 2009 were $80.4 million, that is 13.7% more than in the same period of fiscal 2009. Net income for the first nine months of fiscal 2010 was $3.4 million, or $1.13 per share, compared to a net loss of $1.7 million, or $0.54 per share, for the first nine months of 2009.

By words of Global-Tech’s President and CEO John C.K. Sham, it is essential for the company “to continue to focus on the development of new products with higher profit margins and the further expansion of business.”

The bank said that its net profit raised dramatically 53 per cent during the year, and made VND711 billion (US$40 million). Total assets rose 43 per cent, to VND48.25 trillion, after 15 per cent rise of loans to VND21.23 trillion (according to the audited financial statement of the lender.)

Gross profit of Eximbank in 2008 was VND969.23 billion, which is much lower than its annual target of VND1.3-1.5 trillion. The bank reported losses of  VND172 billion from trading and investing in securities, while in previous year there was a combined profit of VND57.3 billion.

Partially private Eximbank is the eighth largest bank in Vietnam.