Business
The Caldwell Partners International Issues Fiscal 2014 First Quarter Financial Results
Year-over-year first quarter revenue increase of 39%. First quarter operating in...
About this update from Caldwell Partners International Inc.
[{"type":"text","content":"\n\n\n\n\n\n\nYear-over-year first quarter revenue increase of 39%.\n\n\nFirst quarter operating income is $408K.\n\n\nBoard declares 1.75 cent quarterly dividend.\n\n\n\nTORONTO, Jan. 8, 2014 /CNW/ - Retained executive search firm The\n Caldwell Partners International Inc. (TSX: CWL) today issued its\n financial results for the fiscal 2014 first quarter ended November 30,\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 except per share amounts)\n\n\n\n\n \n\n\n Three Months Ended \nNovember 30 \n\n\n\n\n \n\n\n2014\n\n\n2013\n\n\n\n\nOperating revenue\n\n\n10,339\n\n\n7,417\n\n\n\n\nExpenses\n\n\n9,931\n\n\n7,469\n\n\n\n\nOperating profit/loss\n\n\n408\n\n\n(52)\n\n\n\n\nInvestment income\n\n\n1\n\n\n3\n\n\n\n\nNet profit/loss before tax \n\n\n409\n\n\n(50)\n\n\n\n\nNet profit/loss after tax\n\n\n393\n\n\n(56)\n\n\n\n\nNet profit/loss per share\n\n\n$0.023\n\n\n($0.03)\n\n\n\n\n\n\n\n\"We are encouraged by the strengthening booking activity and trend over\n the last half year, and pleased with the solid start to the fiscal\n year,\" said John N. Wallace, chief executive officer. \"While we still\n expect some volatility from quarter to quarter based on our size, we\n remain confident regarding the long-term prospects for executive\n search. We will continue to seek out and make calculated investments in\n the firm to grow it in terms of both revenue and sustainable\n profitability, focusing on improving our overall market and industry\n sector presence with targeted, strategic additions to the team when and\n where it makes financial sense.\"\n\n\nWallace continued: \"The near unanimous participation of the Partner team\n in the recently announced private placement of approximately 4.0\n million common shares of the Corporation bodes well for the long-term\n commitment that our people have to the organization and its ongoing\n growth and success.\"\n\n\nThe Board of Directors today also declared the payment of a quarterly\n dividend of 1.75 cents per Common Share payable March 14, 2014 to\n shareholders of record on January 20, 2014.\n\n\nFinancial Overview (all numbers expressed in $000s)\n\n\n\nOperating revenue:\n\n\n\nFiscal 2014 first quarter operating revenue incr...