Caldwell Partners International Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2012; Declares Quarterly Dividend, Payable on March 15, 2013
January 11, 2013 at 05:23 pm EST
Caldwell Partners International Inc. reported unaudited consolidated earnings results for the first quarter ended November 30, 2012. For the period, the company's revenue was CAD 7,417,211 compared to CAD 7,269,878 a year ago. Operating loss was CAD 52,439 compared to CAD 400,805 a year ago. Loss before income taxes was CAD 49,916 compared to CAD 398,537 a year ago. Net loss for the period attributable to owners of the company was CAD 56,021 compared to CAD 444,321 a year ago. Basic and diluted loss per share was CAD 0.003 compared to CAD 0.026 a year ago. Net cash used in operating activities was CAD 885,724 compared to net cash generated from operating activities was CAD 253,853 a year ago. Additions to property and equipment were CAD 28,926 compared to CAD 77,631 a year ago. Fiscal 2013 first quarter operating revenue increased by 2% over the comparable period last year to 7,417. US revenues represent 60% or CAD 4,467 of the first quarter total, decreasing 13% from CAD 5,126 in the comparable period of 2012. Revenues from Canadian operations increased 38% to CAD 2,950 in the current period from CAD 2,144 in the comparable period of 2012.
The Board of Directors also declared the payment of a quarterly dividend of 1.5 cents per Common Share payable on March 15, 2013 to shareholders of record on January 22, 2013.