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

Guardian Capital Group Limited

August 03, 2006 16:59 ET

Guardian Capital Group Limited Announces Second Quarter 2006 Operating Results

TORONTO, ONTARIO--(CCNMatthews - Aug. 3, 2006) - Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A) -



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For the periods ended June 30 Three Months Six Months
($ in thousands, except per share
amounts) 2006 2005 2006 2005
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Gross revenues, net of commission
paid to advisors $ 16,844 $ 14,081 $ 33,899 $ 28,343

Net earnings 4,196 3,082 8,821 6,300

Cash flow from operations before
change in non-cash working capital 4,166 3,304 8,122 6,752

Per Share(i)

Basic net earnings $ 0.11 $ 0.08 $ 0.22 $ 0.16
Diluted net earnings 0.10 0.08 0.22 0.16

Basic cash flow from operations
before change in non-cash working
capital 0.12 0.09 0.21 0.17
Diluted cash flow from operations
before change in non-cash
working capital 0.11 0.08 0.20 0.17

(i) All per-share numbers have been restated to reflect the two for
one stock split, effective May 31, 2006.


- Net earnings for the quarter were $4.2 million compared to $3.1 million for the second quarter of 2005.

- Assets under management were $16.9 billion as at June 30, 2006, compared to $16.8 billion as at June 30, 2005.

- Assets under administration were $4.8 billion as at June 30, 2006, compared to $4.0 billion as at June 30, 2005.

- Cash flow from operations for the quarter was $4.2 million, compared to $3.3 million during the same period in 2005.

- The value of corporate holdings of securities as at June 30, 2006 was $385.1 million or $9.49 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