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

Guardian Capital Group Limited

August 05, 2005 17:07 ET

Guardian Capital Group Limited Announces Second Quarter 2005 Operating Results

TORONTO, ONTARIO--(CCNMatthews - Aug. 5, 2005) - Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.NV)



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For the period ended June 30 Three Months Six Months
($ in thousands, except per
share amounts) 2005 2004 2005 2004
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Gross revenue, net of
Commissions paid to advisors $ 13,871 $ 11,692 $ 27,966 $ 23,451

Net earnings 3,082 2,242 6,300 4,863

Cash flow from operations
Before change in non-cash
working capital 3,304 2,768 6,752 5,995

Per Share

Basic net earnings $ 0.16 $ 0.12 $ 0.32 $ 0.25
Diluted net earnings 0.15 0.11 0.31 0.24

Basic cash flow from operations
before change in non-cash
working capital 0.17 0.14 0.34 0.30
Diluted cash flow from operations
before change in non-cash
working capital 0.16 0.14 0.33 0.30


Assets under management were $16.8 billion as at June 30, 2005, compared to $16.4 billion as at March 31, 2005 and $14.3 billion as at June 30, 2004.

Assets under administration were $4.0 billion as at June 30, 2005, compared to $3.8 billion as at March 31, 2005 and $3.2 billion as at June 30, 2004.

Net earnings for the quarter were $3.1 million compared to $2.2 million for the second quarter of 2004.

Cash flow from operations for the quarter was $3.3 million, compared to $2.8 million during the same period in 2004.

The value of corporate holdings of securities as at June 30, 2005 was $362.6 million or $17.87 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