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

Guardian Capital Group Limited

November 07, 2005 16:47 ET

Guardian Capital Group Limited Announces Third Quarter 2005 Operating Results

TORONTO, ONTARIO--(CCNMatthews - Nov. 7, 2005) - Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.NV)



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For the period ended September 30
($ in thousands, except per Three Months Nine Months
share amounts) 2005 2004 2005 2004
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Gross revenue, net of
commissions paid to advisors $ 15,315 $ 12,113 $ 43,281 $ 35,564

Net earnings 4,129 2,295 10,429 7,158

Cash flow from operations
before change in non-cash
working capital 4,081 2,496 10,833 8,491

Per Share
Basic net earnings $ 0.21 $ 0.11 $ 0.53 $ 0.36
Diluted net earnings 0.20 0.11 0.51 0.35

Basic cash flow from
operations before change in
non-cash working capital 0.21 0.13 0.55 0.43
Diluted cash flow from
operations before change in
non-cash working capital 0.20 0.12 0.53 0.42


Assets under management were $18.2 billion as at September 30, 2005, compared to $16.8 billion as at June 30, 2005 and $14.8 billion as at September 30, 2004.

Assets under administration were $4.3 billion as at September 30, 2005, compared to $4.0 billion as at June 30, 2005 and $3.3 billion as at September 30, 2004.

Net earnings for the quarter were $4.1 million compared to $2.3 million for the third quarter of 2004.

Cash flow from operations for the quarter was $4.1 million, compared to $2.5 million during the same period in 2004.

The value of corporate holdings of securities as at September 30, 2005 was $367.9 million or $18.28 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