General Properties Ltd. announces results for 2007

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[{"type":"text","content":"\n\n\n\nCALGARY, April 25 /CNW/ - General Properties Ltd. (TSXV: GPL) (the\n"Corporation") is pleased to announce the twelve and three month financial\nresults for fiscal 2007, as summarized below:\n\n\nSummary of results for the 12 months ended December 31, 2007 and 2006\n\n-------------------------------------------------------------------------\n 2007 2006\n-------------------------------------------------------------------------\nRevenues including interest income, rental\n income and gain from discontinued operations $41,251 $5,135,778\n-------------------------------------------------------------------------\nNet income (loss) ($655,060) $1,525,934\n-------------------------------------------------------------------------\nNet income (loss) per share - basic ($0.02) $0.07\n-------------------------------------------------------------------------\nNet income (loss) per share - diluted ($0.02) $0.06\n-------------------------------------------------------------------------\nTotal assets $4,623,938 $5,807,460\n-------------------------------------------------------------------------\nTotal liabilities $298,635 $2,557,233\n-------------------------------------------------------------------------\nDividends per share on preferred shares\n - Series 4 $0.0120 $0.0120\n-------------------------------------------------------------------------\n\n\nSummary of quarterly results for the three months ended December 31, 2007\nand 2005\n\n-------------------------------------------------------------------------\n 2007 2006\n-------------------------------------------------------------------------\nRevenues, including net gain from sale of, and\n operating income from, discontinued operations $6,880 $2,758,601\n-------------------------------------------------------------------------\nNet income (loss) after tax (63,823) ($383,551)\n-------------------------------------------------------------------------\nNet income (loss) per share - basic ($0.00) ($0.02)\n-------------------------------------------------------------------------\nNet income (loss) per share - diluted ($0.00) ($0.02)\n-------------------------------------------------------------------------\n\n\nNote that the per share calculations in the tables above include the\ndeduction of dividend payments on preferred shares to reflect the portion of\nearnings available t...

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