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

Guardian Capital Group Limited

November 08, 2007 16:30 ET

Guardian Capital Group Limited Announces Third Quarter 2007 Operating Results

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2007) - Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A) -



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For the period ended September 30 Three Months Nine Months
($ in thousands, except per share amounts) 2007 2006 2007 2006
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Gross revenues, net of commission
paid to advisors $17,445 $16,549 $54,235 $50,448

Net earnings 4,397 4,482 14,968 13,303

Cash flow from operations before change
in non-cash working capital 4,166 4,182 13,506 12,304

Per Share
Basic net earnings $0.11 $0.11 $0.38 $ 0.34
Diluted net earnings 0.11 0.11 0.38 0.33

Basic cash flow from operations before
change in non-cash working capital $0.11 $0.11 $0.34 $0.31
Diluted cash flow from operations before
change in non-cash working capital 0.11 0.11 0.34 0.31


- Net earnings for the quarter were $4.4 million compared to $4.5 million for the third quarter of 2006.

- Assets under management were $17.4 billion as at September 30, 2007, compared to $17.1 billion as at September 30, 2006.

- Assets under administration were $6.0 billion as at September 30, 2007, compared to $5.0 billion as at September 30, 2006.

- Cash flow from operations for the quarter was $4.2 million, unchanged from the same period in 2006.

The fair value of the Company's holdings of securities as at September 30, 2007 was $423.1 million or $10.68 per share, diluted.

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; 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