Syncora Holdings Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
Syncora Holdings Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter the company reported total revenues of $56,984,000 compared to $20,285,000 a year ago. Loss before income tax expense from continuing operation was $15,539,000 compared to $32,622,000 a year ago. Loss from continuing operations was $15,539,000 compared to $33,554,000 a year ago. Net loss was $8,673,000 compared to $30,790,000 a year ago. Net loss attributable to controlling interest was $8,777,000 compared to $30,809,000 a year ago. Non-GAAP operating income was $16.7 million compared to loss of $21.9 million a year ago. GAAP basic and diluted loss per common share $0.10 compared to $0.36 a year ago. Non-GAAP basic and diluted operating income per common share $0.19 compared to loss of $0.25 a year ago. Book value per common share was $6.25. Adjusted book value per common share was $7.14.