Brooke Corporation Announces First Quarter Earnings
April 28 2005 - 2:45PM
PR Newswire (US)
Brooke Corporation Announces First Quarter Earnings OVERLAND PARK,
Kan., April 28 /PRNewswire-FirstCall/ -- Brooke Corporation
(AMEX:BXX) -- Robert D. Orr, Chairman and CEO of Brooke
Corporation, announced that company earnings for the three months
ending March 31, 2005, were $3,449,000 or $.34 per diluted share,
on revenues of $35,648,000 as compared with earnings of $2,238,000
or $.22 per diluted share, on revenues of $22,304,000 for the same
period a year ago. This represents a 54% increase in quarterly
earnings and a 60% increase in quarterly revenues. In making the
announcement, Mr. Orr stated, "I am pleased that our company
continues to grow earnings and revenues. The recruitment of new
franchisees is the primary reason for our growth." Orr noted that
initial franchise fees are announced each month by Brooke Franchise
Corporation to help investors monitor the Company's franchise
recruitment activities. Mr. Orr also noted that earnings for the
twelve-month period ending March 31, 2005, were $7,905,000
resulting in trailing earnings per share of approximately $.77
based on the number of diluted outstanding shares on March 31,
2005. About our company ... Brooke Corporation is listed on the
American Stock Exchange under the symbol of BXX. Brooke Corporation
is a holding company with three primary subsidiaries. Brooke
Franchise Corporation is a subsidiary that distributes insurance
and financial services through a network of over 400 franchise
locations as of March 31, 2005. Brooke Credit Corporation is a
subsidiary that originates loans to insurance agencies, financial
services practices, funeral homes and other local businesses,
including Brooke franchises. Brooke Brokerage Corporation is a
subsidiary holding company that sells hard to place and niche
insurance on a wholesale basis through locally owned insurance
agencies, including Brooke franchises. Email Distribution ... . If
you would like to receive electronic press release information then
please visit the "Investor Relations" section of our website at
http://www.brookecorp.com/ and subscribe to our "Email Alerts"
on-line. This press release may contain forward-looking statements.
Investors are cautioned that all forward-looking statements involve
risks and uncertainties, and several factors could cause actual
results to differ materially from those in the forward-looking
statements. The following factors, among others, could cause actual
results to differ from those indicated in the forward-looking
statements: the uncertainty that the Company will achieve its
short-term and long-term profitability and growth goals,
uncertainties associated with market acceptance of and demand for
the Company's products and services, the impact of competitive
products and pricing, the dependence on third party suppliers and
their pricing, its ability to meet product demand, the availability
of funding sources, the exposure to market risks, uncertainties
associated with the development of technology, changes in the law
and in economic, political and regulatory environments, changes in
management, the dependence on intellectual property rights, and the
effectiveness of internal controls. Investors are directed to
Brooke Corporation's most recent annual and quarterly reports,
which are available from Brooke Corporation without charge or at
http://www.sec.gov/ , for a more complete description of Brooke's
business. DATASOURCE: Brooke Corporation CONTACT: Anita Larson of
Brooke Corporation, +1-913-661-0123, or Web site:
http://www.brookecorp.com/
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