April 20, 2014 1:41 PM ET

Electric Utilities

Company Overview of Ascendant Group Ltd.

Company Overview

Ascendant Group Limited, through its subsidiaries, provides energy and infrastructure solutions. It is involved in the generation and supply of electricity for approximately 35,862 residential and commercial customers in Bermuda; distribution of propane gas and appliances; sale and service of heating, ventilation, and air conditioning systems; and provision of air quality monitoring, building automation and energy management, commercial plumbing, fire protection, and commercial refrigeration services. The company also provides technical procurement, construction, and consulting services; electrical, mechanical, and facilities maintenance management services; renewable energy systems and solu...

27 Serpentine Road

Pembroke,  HM 07


Founded in 1904

440 Employees





Key Executives for Ascendant Group Ltd.

Ascendant Group Ltd. does not have any Key Executives recorded.

Ascendant Group Ltd. Key Developments

Ascendant Group Limited Announces Earnings Results for the Full Year Ended December 31, 2013

Ascendant Group Limited announced earnings results for the full year ended December 31, 2013. For the year, the company reported earnings of $4.9 million or $0.39 per share, compared to $11.5 million or $1.07 per common share for the same period in 2012. Book value per share declined 1.8% to $30.62 in 2013 versus $31.18 per share in 2012. This was due to the dilutive effect of 120,349 new shares issued during the year and the payment of dividends in excess of net earnings.

Ascendant Group Limited Declares Dividend, Payable on April 07, 2014

Ascendant Group Limited announced that the Board of Directors declared a dividend on March 17, 2014 of EUR 21.25 per share payable on April 07, 2014 to shareholders of record as of March 24, 2014.

Ascendant Group Ltd. Reports Consolidated Earnings Results for the First Half Year of 2013

Ascendant Group Ltd. reported consolidated earnings results for the first half year of 2013. Consolidated net earnings for the first six months of 2013 was decreased $3.0 million to $1.8 million, or $0.13 per share, as compared with $4.8 million, or $0.46 per share, for the same period in 2012. The company’s book value per share, attributable to equity holders of Ascendant Group, decreased $0.80 to $30.64 as at 30 June 2013 against $31.44 as at 30 June 2012.

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