LOM Financial Limited Releases 2017 Results
HAMILTON, Bermuda – 25 April 2018 - LOM Financial Limited ("the Company"; ticker: LOM.BH) today announced the financial results to fiscal year end 31 December 2017. In a letter to shareholders, the Company’s CEO stated: 2017 Financial Results 25th April 2017 To our Shareholders: During 2017 LOM expanded on our activities of the previous year. We grew our client base, raised additional assets and continued to improve our financial performance. Our assets under administration (AUA) rose from $684 million at the beginning of the year to $870 million by the end of 2017. Further gains have been made in the first part of this year with assets rising to $914 million. We are continuing our focus on winning new clients and recruiting top level financial advisors and private bankers. To this end we have added experienced staff in our Bahamas office and our new Cayman office. The addition of these new staff and premises obviously will increase our costs this year and, we