Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A) -


----------------------------------------------------------------------------
For the periods ended June 30               Three Months          Six Months
($ in thousands, except per share                                           
 amounts)                                 2012      2011      2012      2011
----------------------------------------------------------------------------
Net revenue                           $ 20,085  $ 17,500  $ 40,253  $ 35,123
Operating earnings                       4,860     3,316     9,700     7,465
Net (losses) gains on securities          (548)     (478)     (564)      306
Net earnings available to                                                   
 shareholders                            2,847     2,855     7,265     7,453
Adjusted cash flow from operations       5,242     4,007    10,646     8,649
Per Share                                                                   
Net earnings, basic                   $   0.09  $   0.09  $   0.23  $   0.23
Net earnings, diluted                     0.09      0.09      0.23      0.23
                                                                            
Adjusted cash flow from operations,                                         
 basic                                $   0.17  $   0.12  $   0.34  $   0.27
Adjusted cash flow from operations,                                         
 diluted                                  0.17      0.12      0.34      0.27

Assets under management were $16.9 billion as at June 30, 2012, compared to $15.9 billion as at December 31, 2011 and $16.2 billion as at June 30, 2011. Assets under administration were $8.9 billion as at June 30, 2012, compared to $8.7 billion as at December 31, 2011, and $8.0 billion as at June 30, 2011.

All per share figures disclosed below are stated on a diluted basis.

Net earnings available to shareholders for the quarter were $2.8 million or $0.09 per share, compared to $2.9 million or $0.09 per share in the second quarter of 2011. Net earnings available to shareholders for the quarter were reduced as a result of an increase in deferred income taxes of $1.2 million or $0.04 per share, resulting from increased Ontario income tax rates enacted in June, 2012.

Adjusted cash flow from operations for the quarter was $5.2 million or $0.17 per share, compared to $4.0 million or $0.12 per share in the second quarter of 2011.

The fair value of the Company's holdings of securities as at June 30, 2012 was $368 million, or $11.43 per share, compared with $364 million, or $11.17 per share at December 31, 2011, and $403 million, or $12.23 per share at June 30, 2011.

Guardian Capital Group Limited is a diversified financial services company founded in 1962 and celebrating its 50th year in business. Guardian serves the wealth management needs of a range of clients through its various business segments. Guardian's operations include investment management; financial advisory; and corporate investments. Its Common and Class A shares are listed on The Toronto Stock Exchange.

Contacts: Guardian Capital Group Limited George Mavroudis President and Chief Executive Officer (416) 364-8341 Guardian Capital Group Limited C. Verner Christensen Senior Vice-President, Finance and Secretary (416) 947-4093info@guardiancapital.com

Guardian Capital (TSX:GCG)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Guardian Capital Charts.
Guardian Capital (TSX:GCG)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Guardian Capital Charts.