Restructured Blue bounces back to profit

In a statement announcing its results, the financial services company says for the interim period ending 31 August 2011, it generated a profit of P20.06 million, compared to a loss of P154.7 million for the comparable interim period last year.

This translates into earnings per share of 0.35thebe and headline earnings per share of 0.36thebe, compared to losses of 23.27thebe and 22.88thebe respectively. The statement says this represents a significant improvement from those reported in 2011 and 2010.