Business
/C O R R E C T I O N From Source - Wall Financial Corporation/
/C O R R E C T I O N From Source - Wall Financial Corporation/.
About this update from Wall Financial Corporation
[{"type":"text","content":"\n\n\n\n\nIn c0561 sent today at 15:30e, the table heading dates were incorrect, \nand have been revised to read:\n\n April 30, 2005 April 30, 2004\n\nNet earnings per share $ 0.29 $ 0.19\nNet earnings $ 9,346,337 $ 6,061,552\nRevenue and Other Income $ 13,031,937 $ 14,809,619\n\n April 30, 2005 January 31, 2005\n\nTotal Assets $ 316,875,295 $ 306,385,959\n\nFull, corrected copy follows. \n\nWall Financial Corporation - First Quarter Results and Appointment of \nChairman\n\nVANCOUVER, June 10 /CNW/ - Wall Financial Corporation (the \"Company\")\nreleased today its operating results and financial statements for the first\nquarter ended April 30, 2005 and 2004. The Company recorded net earnings of\n$9,346,337 or $0.29 per share and earnings before interest, income tax and\ndepreciation and amortization of $15,809,136, compared to $12,644,337 in the\nfirst quarter of fiscal 2005. The increase in earnings and EBITDA was the\nresult of a gain on the sale of a residential rental property and improved\nperformance in the Company's hotel operations. Revenue for the quarter were\nlower by $1,777,682 over the same period in 2004 due to lower apartment rental\nrevenues as a result of the reduction in the number of rental properties held\nby the company and due to the timing of completion of construction projects.\nHotel revenues continued to improve with sales increasing by $522,000 for the\nquarter.\n\n>\n%SEDAR: 00002080E\n\n\n","length":3568,"tagName":"div"}]