Thursday, May 26, 2016

The 2 Largest Puerto Rico Banks Generated $596 Mil of Total Audited Losses For the 8 Years 2008 Through 2015 ..... The 5 Publicly-Held Puerto Rico Companies With Stock Market Caps Below $1 Bil Generated 2015 Total Audited Earnings Which Declined By 86% From That in 2014 ..... The US Democratic and Republican Establishments Have Done Nothing To Help Puerto Rico Citizens Economically ..... US Large Multinational Drug and Medical Device Companies Have Gotten Massive US Tax Breaks By Using the Income-Shifting, Tax Avoidance Puerto Rico Maneuver, But Have Done Very Little To Help the Severely Financially Strapped Puerto Rico Citizens, Paying Them Slave Wages and Treating Them As If They Were a Subservient US Tax Haven Colony

From a review of US Company SEC filings, below here are the reported US GAAP Audited Earnings (Losses) From Continuing Operations for each of the most recent 8 years 2008-2015 of the 2 largest Puerto Rico Banks:










8 Year



2015 2014 2013 2012 2011 2010 2009 2008 Total




Net Net Net Net Net Net Net Net Net


Most Income Income Income Income Income Income Income Income Income
City State Recent (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Two Largest Puerto Rico Banks HQs HQs FYE  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils













Popular Inc Hato Rey PR Dec 15        895      (314)        599        245        151        137      (574)   (1,244)      (103)
First Bancorp San Juan PR Dec 15          21        392      (165)          30        (82)      (524)      (275)        110      (493)













Total of both


       917          79        435        275          69      (387)      (849)   (1,134)      (596)

Also from a review of US Company SEC filings, below here are the reported US GAAP Audited Earnings (Losses) From Continuing Operations for the most recent Annual Fiscal Year End (FYE) 2015 and for 2014 for each of the 5 Publicly-Held Puerto Rico HQed Companies with stock market capitalizations below $1 Bil and which have filed their 2015 financial statements with the SEC:

2015 2014





Net Net Increase Increase


Most Income Income (Decrease) (Decrease)
All Puerto Rico Publicly-Held Companies City State Recent (Loss) (Loss) Amount %
With Market Caps Below $1 Bil HQs HQs FYE  $ mils  $ mils  $ mils








First Bancorp San Juan PR Dec 15           21.3         392.3        (371.0)
OFG Bancorp San Juan PR Dec 15            (2.5)           85.2          (87.7)
TRIPLE-S Management Corp San Juan PR Dec 15           52.0           65.3          (13.3)
Pharma-Bio Serv Inc Dorado PR Oct 15             1.6             2.4            (0.8)
Triton Emission Solutions San Juan PR Dec 15            (3.6)          (61.8)           58.2






Total all 5
          68.8         483.4        (414.6) -86%












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