Waterloo Investment Holdings Limited reported earnings results for the year ended March 31, 2013. For the period, the company has posted net income of $13.4 million against net loss of $44.7 million a year ago. Net income per ordinary share for the year of $0.13 against net loss per share was $0.45 a year ago.

The improvement in results was achieved by continued growth in income from associates and a substantial reduction of provisions in both the British Caribbean Bank and the Investment Division.