Business
BMTC Group Inc. announces financial results for its quarter ended June 30th, 2014
MONTREAL , Aug. 14, 2014 /CNW Telbec/ - For the six month period ended June 30 th...
About this update from Bmtc Group Inc. Class A
[{"type":"text","content":"\n\nMONTREAL, Aug. 14, 2014 /CNW Telbec/ - For the six month period ended June 30th, 2014, the Company's revenues decreased by $5,261,000 to $327,999,000, compared to $333,260,000 recorded in the corresponding 2013 period, a 1.5% decrease. Same store revenues decreased by 4% for the same period. Net earnings for the six month period ended June 30th, 2014, amounted to $12,552,000 compared to $14,789,000 for the corresponding 2013 period. Basic net earnings per share decreased to $0.28 compared to $0.32 in 2013.\n\nThe effect of costing options had no impact on net basic earnings per share for the six month period ended June 30th, 2014 and 2013. \n\nThe share repurchase program had no impact on net basic earnings per share for the six month period ended June 30th, 2014 and 2013.  \n\nExcluding the non significant effect of the costing of options, the variation the adjusted net earnings would have been ($2,018,000) or ($0.04) per basic share for the six month period ended June 30th, 2014.\n\nThe ($2,018,000) variation in adjusted net earnings in 2014 is as follows:\n\n\n\n\n\n2013\n\n\n\n2012\n\n\n\n\n($ in thousands)\n\n\n\nNet Earnings\n\n\n12 552\n\n\n\n14 789\n\n\n\nVariation of cost of options (after-tax)\n\n\n125\n\n\n\n(94)\n\n\n\nAdjusted Net Earnings\n\n\n12 677\n\n\n\n14 695\n\n\n\n\n\n\n\n\nMinus: Adjusted Net Earnings for 2013\n\n\n14 695\n\n\n\n\n\n\n\n\n\n\nVariation\n\n\n(2 018)\n\n\n\n \n\nThis variation in adjusted after-tax income is allocated as follows for the first two quarters:\n\n\n\n\n\n($ in thousands)\n\n\n\n\n\n\n\n\n\n\n\nIncrease (decrease)\n\n\n\nIncrease (decrease)\n\n\n\nIncrease (decrease)\n\n\n\n\nretail operating\n\n\n\ninvestment\n\n\n\nadjusted\n\n\n\n\nearnings\n\n\n\nincome\n\n\n\noperating earnings\n\n\n\n\n\n\n\n\n\n\n1st quarter 2014\n\n\n(2 031)\n\n\n\n(401)\n\n\n\n(2 432)\n\n\n\n2nd quarter 2014\n\n\n(1 447)\n\n\n\n1 861\n\n\n\n414\n\n\n\n\n\n\n\n\n\n\nTotal\n\n\n(3 478)\n\n\n\n1 460\n\n\n\n(2 018)\n\n \n\nAnnual Financial Information($ in thousands, except for per share amounts)\n\n\n\n\n\n2013\n\n\n\n2012\n\n\n\n\n$\n\n\n\n$\n\n\n\nRevenue\n\n\n694 743\n\n\n\n716 870\n\n\n\nNet Earnings\n\n\n57 254\n\n\n\n48 652\n\n\n\nTotal Assets\n\n\n306 296\n\n\n\n285 318\n\n\n\nNet earnings Per Share\n\n\n\n\n\n\n\nBasic\n\n\n1,24\n\n\n\n1,02\n\n\n\n\nDi...