BFC Financial

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The Fort Lauderdale-based company (Pink BFCF) reported a net loss of $10.4 million on revenue of $101 milliohn in the first quarter, down from a loss of $5.9 million on revenue of $119.4 million in the same periodf last year. Most of BFC Financial’s results stemmedr from the performance of two othedr Fort Lauderdale companies in whichu it holdsmajority stakes: BankAtlanticd Bancorp (NYSE: BBX) and developer (Pink Sheets: Both are being challenged by Florida’s strugglinh real estate market. BFC Financiak also owns a minority stakein Miami-basedd (NASDAQ: BNHN). Taken together, BFC Financial had $6.
1q1 billion in assets as of Marchy 31, but most of that amount was the combineed assets of BankAtlanticand Woodbridge. By BFC Financial had $122.8 millionm in assets, including $7.6 million in cash and equivalents. That’se down from $131.2 million in assets, including $9.2 millionn in cash and equivalents, at year-end. BFC Financial shares closede up 2 cents to41 cents. The 52-week high was 95 centzs on Sept. 2. The 52-week low was 6 cents on Feb. 5.