Guardian Capital Group Limited Operating Results for the Three Months Ended March 31, 2010
08 May 2010 - 6:37AM
Marketwired
Guardian Capital Group Limited -
We present the Company's operating results for the three months
ended March 31, 2010.
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For the three months ended March 31
($ in thousands, except per share amounts) 2010 2009
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Gross revenues, net of commissions paid to
advisors $ 17,023 $ 13,385
Net earnings 3,964 1,561
Cash flow from operations before change in
non-cash working capital 3,821 2,744
Per Share
Basic net earnings $ 0.12 $ 0.04
Diluted net earnings 0.12 0.04
Basic cash flow from operations before change
in non-cash working capital $ 0.12 $ 0.08
Diluted cash flow from operations before
change in non-cash working capital 0.11 0.08
-- Net earnings for the quarter were $4.0 million, or $0.12 per share,
diluted, compared to $1.6 million, or $0.04 per share, diluted, for the
first quarter of 2009.
-- Assets under management were $14.5 billion as at March 31, 2010,
compared to $11.1 billion as at March 31, 2009.
-- Assets under administration were $7.2 billion as at March 31, 2010,
compared to $5.9 billion as at March 31, 2009.
-- Cash flow from operations for the quarter was $3.8 million, compared to
$2.7 million in 2009.
-- The fair value of the Company's holdings of securities as at March 31,
2010 was $390.0 million or $11.64 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)
947-4076 Guardian Capital Group Limited Vern Christensen (416)
947-4093
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