Business
The Caldwell Partners International Issues Fiscal 2013 Second Quarter Financial Results
Revenue decline of 5% second quarter 2013 compared to 2012 Board declares 1.5 cent quar...
About this update from Caldwell Partners International Inc.
[{"type":"text","content":"\n\n\n\n\n\n\nRevenue decline of 5% second quarter 2013 compared to 2012\n\n\nBoard declares 1.5 cent quarterly dividend\n\n\n\nTORONTO, April 11, 2013 /CNW/ - Retained executive search firm The\n Caldwell Partners International Inc. (TSX: CWL) today issued its\n financial results for the fiscal 2013 second quarter ended February 28,\n 2013. All references to quarters or years are for the fiscal periods\n unless otherwise noted and all currency amounts are in Canadian\n dollars.\n\n\nFinancial Highlights (in $000s) \n\n\n\n\n\n\n\n\n \n\n\nThree Months Ended \nFebruary 28\n\n\nSix Months Ended\nFebruary 28  \n\n\n\n\n \n\n\n2013\n\n\n2012\n\n\n2013\n\n\n2012\n\n\n\n\nOperating revenue\n\n\n6,825\n\n\n7,221\n\n\n14,242\n\n\n14,490\n\n\n\n\nExpenses\n\n\n7,484\n\n\n7,467\n\n\n14,953\n\n\n15,137\n\n\n\n\nOperating loss\n\n\n(659)\n\n\n(246)\n\n\n(711)\n\n\n(647)\n\n\n\n\nInvestment income\n\n\n7\n\n\n7\n\n\n9\n\n\n9\n\n\n\n\nNet loss before tax\n\n\n(652)\n\n\n(239)\n\n\n(702)\n\n\n(638)\n\n\n\n\nNet loss after tax\n\n\n(653)\n\n\n(241)\n\n\n(709)\n\n\n(686)\n\n\n\n\nNet loss per share\n\n\n(0.038)\n\n\n(0.014)\n\n\n(0.042)\n\n\n(0.040)\n\n\n\n\n\n\n\n\n\n\n\"We are disappointed with the operating revenue results this past\n quarter. Lower search volumes per partner in the United States were the\n main contributor to the reduced revenue, and while the overall business\n climate remains challenging - particularly in the United States - we\n are encouraged by increasing business development activity in many of\n our key sectors, including financial services\" said John N. Wallace,\n chief executive officer. \"We have also made some important additions to\n our partner team with the recent hiring of John Wasley (Los Angeles),\n Dave Winston (Dallas), Sean McLean (Calgary) and Mike Gooley (Toronto),\n all of whom we expect to contribute significantly to our second half\n revenues. We will continue to add select hires of high calibre partners\n in key sectors and practices to enhance our market presence and\n competitiveness.\"\n\n\nThe Board of Directors today also declared the payment of a quarterly\n dividend of 1.5 cents per Common Share payable on June 14, 2013 to\n shareholders of record on April 22, 2013.\n\n\nFinancial Overview (all numbers expressed in $000s)\n\n\n\nOperating revenue:\n\n\n\nFiscal 2013 second qu...