B.C. Pacific Capital Corporation Announces 2005 First Quarter Results.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- B.C. Pacific Capital Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BPQ BPQ Bibliothèques Publiques du Québec (French) BPQ Breathing Problems Questionnaire BPQ Buying Power Quota BPQ Behavioral Pediatrics Questionnaire BPQ Behavior Prediction Questionnaire BPQ Body Perception Questionnaire .B)(TSX VENTURE:BPQ.SV.A) announced today its first quarter financial results for 2005. B.C. Pacific reported net income for the three months ended of $2.4 million, compared to $4.2 million for the same period in 2004. After providing for dividends on the company's preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. , earnings per Class A Subordinate Voting share and Class B Common share were $0.05 in 2005, consistent with the prior period. In 2004, the company's earning were higher due primarily to the collection of a restructured market banking loan.
FINANCIAL RESULTS
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(unaudited)
$thousands, except per share amounts Three months ended March 31
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2005 2004
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Revenue $ 3,792 $ 6,188
Expenses 1,430 1,943
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Net income before the following 2,362 4,245
Income taxes - -
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Net income $ 2,362 $ 4,245
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Net income per common share $ 0.05 $ 0.06
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E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]B.C. Pacific Capital Corporation is a British Columbia based financial and investment corporation providing mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. bridge loans to corporations encountering financial difficulties, requiring merger and advice or operational evaluation The test and analysis of a specific end item or system, insofar as practicable under Service operating conditions, in order to determine if quantity production is warranted considering: a. the increase in military effectiveness to be gained; and b. . B.C. Pacific also uses its own capital to invest in undervalued companies undervalued company A firm whose assets and potential earning power are not adequately reflected in its stock price. Although such firms are more likely to be subject to takeover attempts than others, determining whether a particular firm is actually and assets, primarily in the natural resource, real estate and financial service areas where management initiatives can enhance longer term prospects. E[acute accent]Brian G. Kenning, Chairman and President, will be available at (604) 669-3141 to answer any questions on the company's financial results. E[acute accent]This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. concerning the company's business and operations. The company cautions that, by their nature, forward-looking statements involve risk and uncertainty and the company's actual results could differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Information Form for a description of the major risk factors. E[acute accent]BC Pacific Capital Corporation (TSX VENTURE:BPQ.B) (TSX VENTURE:BPQ.SV.A) |
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