Business
The Caldwell Partners International Issues Fiscal 2013 Third Quarter Financial Results
Firm posts third quarter revenues that were 35% higher than second quarter. Year-over-...
About this update from Caldwell Partners International Inc.
[{"type":"text","content":"\n\n\n\nFirm posts third quarter revenues that were 35% higher than second\n quarter.\n\n\n\nYear-over-year third quarter revenue decline of 1%.\n\n\n\nBoard declares 1.5 cent quarterly dividend.\n\n\n\nTORONTO, July 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 third quarter ended May 31, 2013.\n All references to quarters or years are for the fiscal periods unless\n otherwise noted and all currency amounts are in Canadian dollars.\n\n\nFinancial Highlights (in $000s)\n\n\n\n\n \n\n\nThree Months Ended \nMay 31\n\n\nNine Months Ended\n May 31  \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\n$9,223\n\n\n$9,357\n\n\n$23,465\n\n\n$23,847\n\n\n\n\nExpenses\n\n\n9,590\n\n\n8,647\n\n\n24,532\n\n\n23,784\n\n\n\n\nOperating profit (loss)\n\n\n(367)\n\n\n710\n\n\n(1,078)\n\n\n63\n\n\n\n\nInvestment income\n\n\n2\n\n\n1\n\n\n11\n\n\n10\n\n\n\n\nNet earnings (loss) before tax\n\n\n(365)\n\n\n711\n\n\n(1,067)\n\n\n$73\n\n\n\n\nNet earnings (loss) after tax\n\n\n($366)\n\n\n$711\n\n\n($1,075)\n\n\n$25\n\n\n\n\nNet earnings (loss) per share\n\n\n($ 0.021)\n\n\n$ 0.040\n\n\n($0.063)\n\n\n$0.001\n\n\n\n\n\n\n\n\"Although revenues were relatively flat year-over-year, we are\n encouraged by the strong increase in booking activity that led to a 35%\n increase sequentially\" said John Wallace, chief executive officer.\n \"Though we have historically seen rising revenue trends in the back\n half of the year compared to the first half, we are encouraged by the\n magnitude of the increase from Q2 to Q3.\"\n\n\nWallace added: \"We continue to see difficult market conditions and the\n pressures that come from operating in slower-growing economies.\n However, we have seen these conditions stabilize during the current\n quarter, with notable strengthening in the number of new searches. We\n remain focused on growth opportunities through enhanced business\n development and marketing initiatives and select hires of high caliber\n search professionals.\"\n\n\nThe Board of Directors today also declared the payment of a quarterly\n dividend of 1.5 cents per Common Share payable September 13, 2013 to\n shareholders of record on July 22, 2013.\n\n\nFinancial Highlights (all numbers expressed in $000s...