Guardian Capital Group Limited
TSX : GCG
TSX : GCG.A

Guardian Capital Group Limited

August 11, 2009 16:40 ET

Guardian Capital Group Limited Announces Second Quarter 2009 Operating Results

TORONTO, ONTARIO--(Marketwire - Aug. 11, 2009) - Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A) -



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For the period ended June 30 Three Months Six Months
($ in thousands,
except per share amounts) 2009 2008 2009 2008
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Gross revenues, net of commissions
paid to advisors $ 14,501 $ 17,490 $ 27,886 $ 35,357
Net earnings 2,509 3,009 4,201 6,664
Cash flow from operations before
change in non-cash working capital 3,068 3,250 5,715 6,786

Per Share
Basic net earnings $ 0.07 $ 0.08 $ 0.12 $ 0.17
Diluted net earnings 0.07 0.08 0.12 0.17

Basic cash flow from operations
before change in non-cash working
capital $ 0.08 $ 0.08 $ 0.16 $ 0.17
Diluted cash flow from operations
before change in non-cash working
capital 0.08 0.08 0.16 0.17


- Net earnings for the quarter were $2.5 million, or $0.07 per share, diluted, compared to $3.0 million, or $0.08 per share, diluted, for the second quarter of 2008.

- Assets under management were $13.3 billion as at June 30, 2009, compared to $11.8 billion as at December 31, 2008 and $17.0 billion as at June 30, 2008.

- Assets under administration were $6.1 billion as at June 30, 2009, compared to $5.7 billion as at December 31, 2008 and $7.4 billion as at June 30, 2008.

- Cash flow from operations for the quarter was $3.1 million, compared to $3.3 million in 2008.

- The fair value of the Company's holdings of securities as at June 30, 2009 was $329 million or $9.05 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.

Contact Information

  • Guardian Capital Group Limited
    Vern Christensen
    (416) 947-4093
    or
    Guardian Capital Group Limited
    Sam K. Greiss
    (416) 947-3743