Hurting for cash are we :)

stateside

 

Canaccord Financial loses $14.8-million in Q2 2013

2012-11-07 16:15 ET - News Release

 

Mr. Paul Reynolds reports

CANACCORD FINANCIAL INC. REPORTS SECOND QUARTER FISCAL 2013 RESULTS

In the second quarter of fiscal 2013, the quarter ended Sept. 30, 2012, Canaccord Financial Inc. generated $186.6-million in revenue. During the quarter, the company implemented several cost-reduction initiatives aimed at improving the performance of certain business units. Excluding restructuring and other significant items (1) (a non-IFRS (international financial reporting standards) measure), the company recorded net income of $5.9-million, or three cents per diluted common share. Including these expenses, the company recorded a net loss of $14.8-million, or 19 cents per common share.