Guardian Capital Group Limited (TSX: GCG; GCG.A) Announces 2014 Third Quarter Operating Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 11/10/14 -- Guardian Capital Group Limited (TSX: GCG)(TSX: GCG.A) -
All per share figures disclosed below are stated on a diluted basis.
The Company's assets under management ("AUM") as at September 30, 2014 grew to $25.0 billion, an increase of 1.8% since June 30, 2014 and 18.1% since September 30, 2013. Assets under administration ("AUA") were $12.8 billion as at September 30, 2014, an increase of 0.9% since June 30, 2014 and 19.1% since September 30, 2013.
The Company's operating earnings for the current quarter were $10.1 million, a 45.7% increase from $6.9 million in the same quarter in 2013. All segments of the Company's operations continued to contribute positively to the overall growth in operating earnings.
Net gains (losses) in the current quarter decreased by $3.2 million from the same period in 2013.
Net earnings available to shareholders for the quarter were $7.7 million ($0.25 per share), a 13.8% decrease from $8.9 million ($0.29 per share) in the same quarter in 2013. The decrease in net earnings available to shareholders was due to increase in operating earnings being offset by the decrease in net gains.
EBITDA for the quarter was $11.3 million ($0.36 per share), compared to $8.2 million ($0.26 per share) in the same quarter in 2013. Adjusted cash flow from operations for the quarter was $9.9 million ($0.32 per share), compared to $7.1 million ($0.23 per share) in the same quarter in 2013. These two non-IFRS financial measures used by the Company are defined in its quarterly Management's Discussion and Analysis. The increases in each of these measures reflect the strong growth in operating earnings for the quarter.
The fair value of the Company's holdings of securities as at September 30, 2014 was $525 million, or $16.75 per share, compared to $449 million, or $14.26 per share, as at December 31, 2013 and $433 million, or $13.76 per share, as at September 30, 2013. The Company's shareholders' equity as at September 30, 2014 was $482 million, or $15.39 per share, compared to $415 million, or $13.17 per share, at December 31, 2013 and $394 million, or $12.51 per share, as at September 30, 2013.
The Board of Directors has declared a quarterly dividend of $0.065 per share, payable on January 19, 2015, to shareholders of record on January 12, 2015.
Guardian Capital Group Limited is a diversified financial services company founded in 1962. Guardian provides institutional and high net worth investment management services to clients; financial services to international investors; and 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.
The following chart summarizes Guardian's financial results for the past eight quarters.
Contacts:
Donald Yi
Chief Financial Officer
(416) 350-3136
George Mavroudis
President and Chief Executive Officer
(416) 364-8341
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Datum: 10.11.2014 - 21:32 Uhr
Sprache: Deutsch
News-ID 351268
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TORONTO, ONTARIO
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Investment Services & Trading
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