Business
Saxon Financial reports record results in second quarter
Saxon Financial reports record results in second quarter.
About this update from Solution Financial Inc.
[{"type":"text","content":"\n\n\n\n\n>\n\nTORONTO, Aug. 9 /CNW/ - Saxon Financial Inc. (TSX:SFI) today reported\nrecord financial results for the second quarter, ended June 30, 2006. The\ncompany continued its strong performance with 33% growth in revenue and 27%\nincrease in net income over adjusted results for Q2 2005. Saxon Financial's\nassets under management grew 17% over the same period in 2005, reaching\n$11.7 billion.\n\"At a time of rough waters for the financial markets, it was smooth\nsailing at Saxon,\" said Allan Smith, President and CEO of Saxon Financial.\n\"Saxon Mutual Funds extended their long record of positive net inflows and our\ninstitutional business attracted healthy client deposits. This helped Saxon\nset new records in revenue, earnings and assets under management.\"\n\n>\n\n\"Saxon has grown into a pre-eminent value investment manager with a style\ndiscipline that has delivered impressive long-term investment performance,\"\nSmith said. \"Our financial results show that both investors and advisors are\nincreasingly looking to Saxon as an investment manager of choice.\"\nFor detailed financial statements, including management's discussion and\nanalysis, please refer to Saxon's website at www.saxonfinancial.ca.\n\nConference call\nSaxon will host a conference call to discuss these results on Thursday\nAugust 10, 2006, at 9:00 am EST. Please dial 416-695-9741, or toll-free\n1-877-323-2010.\n\nAbout Saxon Financial Inc. (www.saxonfinancial.ca)\nSaxon Financial Inc. is one of Canada's most respected value-style\ninvestment management firms. The company has three principal lines of\nbusiness: Saxon Funds Management Limited, which manages a family of\nhigh-performing, low-fee mutual funds; Howson Tattersall Investment Counsel\nLimited, an institutional asset management business; and Howson Tattersall\nPrivate Asset Management Inc., a private client asset management business.\n\n\n\n","length":5288,"tagName":"div"}]