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

Guardian Capital Group Limited

August 09, 2007 17:26 ET

Guardian Capital Group Limited Announces Second Quarter 2007 Operating Results

TORONTO, ONTARIO--(Marketwire - Aug. 9, 2007) - Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A) -



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For the periods ended June 30
($ in thousands, except per Three Months Six Months
share amounts) 2007 2006 2007 2006
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Gross revenues, net of
commission paid to advisors $ 18,969 $ 16,844 $ 36,790 $ 33,899

Net earnings 6,070 4,196 10,571 8,821

Cash flow from operations
before change in non-cash 4,562 4,166 9,290 8,122
working capital

Per Share

Basic net earnings $ 0.16 $ 0.11 $ 0.27 $ 0.22
Diluted net earnings 0.16 0.10 0.27 0.22

Basic cash flow from
operations before change in
non-cash 0.11 0.11 0.23 0.21
working capital
Diluted cash flow from
operations before change in
non cash working capital 0.11 0.10 0.23 0.21


- Net earnings for the quarter were $6.1 million compared to $4.2 million for the second quarter of 2006.

- Assets under management were $17.8 billion as at June 30, 2007, compared to $16.9 billion as at June 30, 2006.

- Assets under administration were $5.7 billion as at June 30, 2006, compared to $4.8 billion as at June 30, 2006.

- Cash flow from operations for the quarter was $4.6 million, compared to $4.2 million during the same period in 2006.

The fair value of the Company's holdings of securities as at June 30, 2007 was $441.1 million or $11.11 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