$68m profit for BWIA BWIA West Indies Airways Ltd. (Trinidad Guardian) Nine months ended September 30, 2001. In the nine months ended September 30, 2001 operating revenue totalled $1.329 billion for BWIA, compared to $1.182 billion in the comparable period in 2000. This represented an increase of 12.4 per cent. Operating expenses increased slightly by 4.3 per cent to $1.260 billion in 2001 over the $1.208 billion incurred in the same period in 2000. The operating profit on ordinary activities for the nine months ended September 30, 2001 moved from a loss position of $26.2 million in 2000 to a profit in 2001 of $68.6 million. Non-operating expenses-income reflected a net expense of $18.5 million for the first three quarters of 2001. This compares to a net income position of $10.6 million in 2000. Pre-tax profit reached $50.1 million for the first nine months of 2001 as against a loss of $15.7 million for the same period in 2000. After tax profit improved to $46.8 million in 2001, moving from a loss in the comparable 2000 period of $16.2 million. Profit attributable to shareholders was $43.6 million in 2001 compared to a negative 2000 amount of $16.2 million. These results should be analysed in terms of the third quarter performance and its contribution to overall results. In terms of operating revenue and expenses, these grew by just over one-third in the third quarter. However, about three-quarters of operating profit on ordinary activities was made in the third quarter. This points to good months in July and August, traditionally a busy period. Over 80 per cent of pre-tax, after tax and attributable profit to shareholders were made in the third quarter alone. We wish to indicate that although BWIA experienced a good three months from July to September, the effects of the September 11, 2001 tragedy in the United States would dampen performance in the last quarter. Due to the uncertainty surrounding the last quarter, we refrain from adjusting our forecast EPS of $0.08 per share. Earnings per share reached 91 cents for the nine months ended September 30, 2001. In the corresponding period in 2000 BWIA posted an EPS of 5.4 cents. The Management and staff of West Indies Stockbrokers extend warmest wishes to our clients, friends, and well-wishers for the Yuletide season. MERRY CHRISTMAS! The owner of Roger's Trinbago Site: Roj (Roger James) *************************************************** Trinbago site: http://www.tntisland.com ICQ: ICQ # 15836110 ICQ Pager: mailto:15836110@pager.icq.com escape email #!1 mailto:ejames@escape.ca yahoo email #2: mailto:triniroj@yahoo.com Yahoo Pager: triniroj Caribbean Brass & Soca Connection Group on Yahoo: http://groups.yahoo.com/group/caribsocabrass Caribbean Brass & Soca Connection Club Website http://www.tntisland.com/caribbeansocabrassconnection/ ******************************************************* Steel Expressions Orch http://www.escape.ca/~ejames/se/ email #1: mailto:steelexpressions@yahoo.com email #2: mailto:steelexpressions@home.com ******************************************************* The Trinbago Site of the Week: (TV6) http://www.tv6tnt.com/ (Trinidad & Tobago CNN TV6) courtesy of Roj Trinbago Website & TnT Web Directory Roj's Trinbago Website: http://www.tntisland.com TnT Web Directory: http://search.co.tt *********************************************************