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

Guardian Capital Group Limited

November 07, 2006 17:09 ET

Guardian Capital Group Limited Announces Third Quarter 2006 Operating Results

TORONTO, ONTARIO--(CCNMatthews - Nov. 7, 2006) - Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A) -



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For the periods ended September 30 Three Months Nine Months
($ in thousands, except per share
amounts) 2006 2005 2006 2005
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Gross revenues, net of commission
paid to advisors $ 16,549 $ 15,560 $ 50,448 $ 44,015

Net earnings 4,482 4,129 13,303 10,429

Cash flow from operations before
change in non-cash working capital 4,182 4,151 12,304 11,015

Per Share(i)

Basic net earnings $ 0.11 $ 0.10 $ 0.34 $ 0.26

Diluted net earnings 0.11 0.10 0.33 0.26

Basic cash flow from operations
before change in non-cash working
capital 0.11 0.11 0.31 0.28

Diluted cash flow from operations
before change in non-cash working
capital 0.11 0.10 0.31 0.27

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


- Net earnings for the quarter were $4.5 million compared to $4.1 million for the third quarter of 2005.

- Assets under management were $17.1 billion as at September 30, 2006, compared to $18.2 billion as at September 30, 2005.

- Assets under administration were $5.0 billion as at September 30, 2006, compared to $4.3 billion as at September 30, 2005.

- Cash flow from operations for the quarter was $4.2 million, substantially unchanged from the same period in 2005.

- The value of corporate holdings of securities as at September 30, 2006 was $426.3 million or $10.57 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