Business
The Caldwell Partners International Issues Fiscal 2012 Fourth Quarter and Full Year Financial Results
Company posts annual operating profit of $1.0 million Board declares quarterly dividen...
About this update from Caldwell Partners International Inc.
[{"type":"text","content":"\n\n\n\n\n\nCompany posts annual operating profit of $1.0 million\n\n\nBoard declares quarterly dividend at 1.5 cents per share\n\n\nTORONTO, Nov. 15, 2012 /CNW/ - Retained executive search firm The\n Caldwell Partners International Inc. (TSX: CWL) today issued its\n financial results for the fiscal 2012 fourth quarter and year ended\n August 31, 2012. All references to quarters or years are for the fiscal\n periods unless otherwise noted and all currency amounts are in Canadian\n dollars.\n\n\nFinancial Highlights (in $000s)\n\n\n \n\n\nThree Months Ended August 31\n\n\nYear Ended August 31  \n\n\n \n\n\n2012\n\n\n2011\n\n\n2012\n\n\n2011\n\n\nOperating revenue\n\n\n$8,856\n\n\n$9,377\n\n\n$32,704\n\n\n$34,238\n\n\nExpenses\n\n\n7,909\n\n\n8,904\n\n\n31,693\n\n\n34,127\n\n\nOperating profit\n\n\n948\n\n\n473\n\n\n$1,011\n\n\n111\n\n\nInvestment income\n\n\n5\n\n\n195\n\n\n15\n\n\n246\n\n\nNet earnings before tax\n\n\n953\n\n\n667\n\n\n$1,026\n\n\n357\n\n\nNet earnings after tax\n\n\n956\n\n\n$ 498\n\n\n981\n\n\n187\n\n\nNet earnings per share\n\n\n$ 0.056\n\n\n$ 0.029\n\n\n$0.058\n\n\n$ 0.011\n\n\n\n\n\n\"While the overall business climate remains challenging, our ongoing\n commitment to the management of our cost structure has resulted in a\n substantial year over year increase in profit,\" said John Wallace,\n chief executive officer. \"Clients have been cautious in making human\n capital investments, given the economic uncertainty, yet we remain\n confident regarding the long term prospects for executive search in\n North America and will continue to invest in the growth of our firm.\" \n\n\nWallace continued: \"Our primary objectives are - and always have been -\n to keep improving our service to our clients and creating value for our\n shareholders. To that end, we remain focused on improving our overall\n market presence and competitiveness. Our current partner team is a\n cohesive group of experienced professionals with a remarkable esprit de\n corps, representing a solid platform from which we can grow. We will\n make targeted, strategic additions to this team to continue to add to\n the depth and breadth of our sector and functional experience.\" \n\n\nThe Board of Directors today also declared the payment of a quarterly\n dividend of 1.5 cents per Common Share payable December 14, 2012 to\n sh...