Last $27.20 USD
Change Today -0.10 / -0.37%
Volume 610.9K
CS On Other Exchanges
Symbol
Exchange
OTC US
Xetra
SIX Swiss Ex
Mexico
New York
Frankfurt
As of 3:56 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Marketwire  08/14/2014 7:07 PM ET
C.A. Bancorp Inc. Reports Second Quarter 2014 Financial Results

TORONTO, ONTARIO -- (Marketwired) -- 08/14/14 -- C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX: BKP) today announced its financial results for the three and six months ended June 30, 2014.

Financial Highlights

For the three months ended June 30, 2014, the Company reported:

Net loss of $35,000 or $0.01 per share based on the weighted average outstanding shares of 6,528,670 compared to net income of $453,000 or $0.04 per share for the second quarter of 2013 based on the weighted average outstanding shares of 12,269,280.

For the six months ended June 30, 2014, the Company reported:

Net income of $351,000 or $0.04 per share based on the weighted average outstanding shares of 9,383,117 compared to net income of $107,000 or $0.01 per share for the first six months of 2013 based on the weighted average outstanding shares of 12,269,280.

As at June 30, 2014, the Company's:

-- Cash and cash equivalents totaled $17.0 million or $3.21 per share; -- Investments were valued at $3.9 million or $0.73 per share; -- Shareholders' equity (or net book value1) was $21.3 million or $4.02 per share.1

Statement of Operations Highlights

Three months ended June Six months ended 30, June 30, In C$ thousands except per share 2014 2013 2014 2013 ---------------------------------------------------------------------------- Revenue $ 134 $ 463 $ 397 $ 905 Net results of investments - 231 493 327 Expenses (169) (241) (539) (1,125) ---------------------------------------------------------------------------- Net earnings/(loss) (35) $ 453 $ 351 $ 107 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Net earnings/(loss) per share $ (0.01) $ 0.04 $ 0.04 $ 0.01 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 1 Net book value per share is a non-IFRS financial measure and is calculated as total shareholders' equity under International Financial Reporting Standards (IFRS) divided by the number of common shares outstanding as at June 30, 2014 and as at December 31, 2013. See the cautionary statement regarding use of Non-IFRS financial measures at the end of this release.

The $493,000 net results of investments for 2014 includes the realized gain on the sale of the Company's interests in Digital Payment Technologies in January 2014 for proceeds of $15,257,000. At the end of the second quarter, funds remained in escrow until July 31, 2013 in an estimated amount of $585,585. An amount of $661,209 representing funds held in escrow with adjustments was received by the Company subsequent to quarter end in August 2014.

Balance Sheet Highlights

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CS:US $27.20 USD -0.10

Industry News

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CREDIT SUISSE GROUP-SPON ADR, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.