Halmont Properties Corporation: First Quarter Results
June 29 2011 - 10:51AM
Marketwired
HALMONT PROPERTIES CORPORATION (TSX VENTURE: HMT) announced today
that the net income for the three months ended March 31, 2011 was
$0.41 million as compared to income of $0.72 million for the three
months ended March 31, 2010.
The financial results are based on International Financial
Reporting Standards ("IFRS") unless otherwise noted and are
unaudited.
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Three months ended
(in millions except per share amounts) March 31, 2011 March 31,2010
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Revenue $ 0.56 $ 0.87
Net income - total $ 0.41 $ 0.72
- for common shareholders $ 0.24 $ 0.32
Net income per share for common shareholders $ 0.00 $ 0.00
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Halmont Properties Corporation invests directly in real estate
and securities of companies with real estate interests.
This news release includes certain forward looking statements
including management's assessment of the Company's future plans and
operations based on current views and expectations. All statements
other than statements of historic facts are forward looking
statements. These statements contain substantial known and unknown
risks and uncertainties, some of which are beyond the Company's
control. The Company's actual results, performance or achievement
could differ materially from those expressed in, or implied by,
these forward looking statements. Readers should not place undue
reliance on these forward looking statements which represent
estimates and assumptions only as of the date on which such
statements are made. The Company undertakes no obligation to
publicly revise or update any forward looking statements, whether
as a result of new information, future events or otherwise.
Contacts: Halmont Properties Corporation Edward C. Kress
President 416-956-5140 416-203-9931 (FAX)
Halmont Properties (TSXV:HMT)
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