PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Maiden Holdings Ltd. (MHLD) on Thursday reported profit of $1.5 million in its first quarter.

The Pembroke, Bermuda-based company said it had net income of 1 cent per share. Losses, adjusted for non-recurring gains, were 5 cents per share.

The reinsurance holding company posted revenue of $28.9 million in the period. Its adjusted revenue was $20.2 million.

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