Bladex (BLX) Declares $0.385 Quarterly Dividend; 8.4% Yield
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Bladex (BLX) Tops Q4 EPS by 9c
February 28, 2019 7:16 AM ESTBladex (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