Bladex Announces Profit For The Fourth Quarter 2018 Of $20.7 Million, Or $0.52 Per Share; Full-Year 2018 Profit Of $11.1 Million, Or $0.28 Per Share

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/23/2026

1. SPCX
2. ABBV
3. SPY
4. META
5. MU
6. NVDA
7. BLZE
8. IBM
9. PRIM
10. ACN

Go back to Bladex Announces Profit For The Fourth Quarter 2018 Of $20.7 Million, Or $0.52 Per Share; Full-Year 2018 Profit Of $11.1 Million, Or $0.28 Per Share

Bladex (BLX) Tops Q4 EPS by 9c

February 28, 2019 7:16 AM EST

Bladex (NYSE: BLX) reported Q4 EPS of $0.52, $0.09 better than the analyst estimate of $0.43.

Bladex reported a profit of $20.7 million in 4Q18, compared to a loss of $40.7 million in 3Q18, on quarterly improvement of top line revenues (+13% QoQ), and lower impairment losses. 4Q18 Profit increased 1% YoY, reflecting stable total revenues (-1% YoY) and improved efficiency.For the year, the Bank's $11.1 million profit was primarily impacted by impairment loss on financial instruments for $57.5 million, from credit provisions associated to credit impaired loans (Non-Performing Loans or "NPLs"), mainly in Brazil\'s sugar sector. The Bank... More