Guardian Capital Group Limited (GCG, GCG.A) Today Announced the Company's Operating Results for the Six Months Ended June 30, 20
August 10 2010 - 4:30PM
Marketwired
Guardian Capital Group Limited (TSX: GCG)(TSX: GCG.A) -
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For the periods ended June 30 Three Months Six Months
($ in thousands, except per share
amounts) 2010 2009 2010 2009
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Gross revenues, net of commissions
paid to advisors $ 15,698 $ 14,501 $ 32,721 $ 27,886
Net earnings 2,275 2,336 6,239 3,896
Cash flow from operations before
change in non-cash working capital 3,934 3,154 7,755 5,898
Per Share
Basic net earnings $ 0.07 $ 0.07 $ 0.19 $ 0.11
Diluted net earnings 0.07 0.07 0.19 0.11
Basic cash flow from operations
before change in non-cash working
capital $ 0.12 $ 0.09 $ 0.23 $ 0.17
Diluted cash flow from operations
before change in non-cash working
capital 0.12 0.09 0.23 0.17
-- Net earnings for the second quarter were $2.3 million, or $0.07 per
share, diluted, compared to $2.3 million, or $0.07 per share, diluted,
for the second quarter of 2009.
-- Assets under management were $14.6 billion as at June 30, 2010, compared
to $13.3 billion as at June 30, 2009.
-- Assets under administration were $6.9 billion as at June 30, 2010,
compared to $6.5 billion as at June 30, 2009.
-- Cash flow from operations for the second quarter was $3.9 million,
compared to $3.2 million for the same period in 2009.
-- The fair value of the Company's holdings of securities as at June 30,
2010 was $366.4 million or $10.93 per share, diluted.
Guardian Capital Group Limited is a diversified financial
services company founded in 1962. Guardian provides investment
management services to institutional and high net worth clients;
provides financial services to international investors; and
provides services to financial advisors in its national mutual fund
dealer, securities dealer, and insurance distribution network. Its
Common and Class A shares are listed on The Toronto Stock
Exchange.
Contacts: Guardian Capital Group Limited George Mavroudis (416)
364-8341 Guardian Capital Group Limited Vern Christensen (416)
947-4093
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