Business
The Caldwell Partners International Issues Fiscal 2014 Third Quarter Financial Results
Year-over-year third quarter revenue increased 34% to $12,359,000 . Third qua...
About this update from Caldwell Partners International Inc.
[{"type":"text","content":"\n\n\n\n\n\n\nYear-over-year third quarter revenue increased 34% to $12,359,000.\n\n\nThird quarter operating profit of $633,000. \n\n\nBoard declares 10th consecutive quarterly dividend - 1.75 cents per\n share.\n\n\n\nTORONTO, July 10, 2014 /CNW/ - Retained executive search firm The\n Caldwell Partners International Inc. (TSX: CWL) today issued its\n financial results for the fiscal 2014 third quarter ended May 31, 2014.\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 except per share amounts) \n\n\n\n\n\n\n\n \n\n\nThree Months Ended \nMay 31\n\n\nNine Months Ended\nMay 31  \n\n\n\n\n \n\n\n2014\n\n\n2013\n\n\n2014\n\n\n2013\n\n\n\n\nRevenue\n\n\n$12,359\n\n\n$9,223\n\n\n$31,855\n\n\n$23,465\n\n\n\n\nExpenses\n\n\n$11,726\n\n\n9,590\n\n\n$30,765\n\n\n24,543\n\n\n\n\nOperating profit/(loss)\n\n\n$633\n\n\n(367)\n\n\n$1,091\n\n\n(1,078)\n\n\n\n\nInvestment income\n\n\n6\n\n\n2\n\n\n11\n\n\n11\n\n\n\n\nNet profit/(loss) before tax\n\n\n$639\n\n\n(365)\n\n\n$1,102\n\n\n(1,067)\n\n\n\n\nNet profit/(loss) after tax\n\n\n$639\n\n\n($366)\n\n\n$1,075\n\n\n($1,075)\n\n\n\n\nNet profit/(loss) per share\n  Basic\n  Diluted\n\n\n$0.030\n$0.030\n\n\n($ 0.021)\n($0.021)\n\n\n$0.057\n$0.056\n\n\n($0.063)\n($0.063)\n\n\n\n\n\n\n\n\"Our team has delivered solid revenue and profitability results this\n quarter,\" said John N. Wallace, chief executive officer. \"We have\n continued to see gains in important metrics such as average fee and\n searches per partner, and our revenue levels on a per partner basis are\n at a new high, all of which is a testament to the commitment and\n ongoing engagement of our partner and support teams.\"\n\n\nWallace continued: \"With our partners operating at historically high\n productivity levels, continued growth in the business will come from\n significant investments in high quality partners and support teams in\n the areas and geographies that are important to our clients. Our growth\n strategy has always been fuelled by our determination to continually\n improve our service to our clients and to create sustainable value for\n our shareholders.\"\n\n\nThe Board of Directors today also declared the payment of a quarterly\n dividend of 1.75 cents per ...