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Central Capital Corporation -- financial results Central Capital Corporation -- financial results.


TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing , Ontario--(BUSINESS WIRE)--Nov. 17, 1995--CENTRAL CAPITAL CORP.(TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
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 TSE: CEH ) Central Capital Corporation reported an unaudited net income of $485,000 ($0.02 per share) for the three months ended September September: see month.  30, 1995 compared to an unaudited net income for the three months ended September 30, 1994 of $145,000 ($0.01 per share).

The Corporation reported an unaudited net income of $2,466,000($0.12 per share) for the nine months ended September 30, 1995 compared to an unaudited net income for the nine months ended September 30, 1994 of $2,293,000 ($0.11 per share).

The allocation The apportionment or designation of an item for a specific purpose or to a particular place.

In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as
 and issue of new common shares among the creditors and shareholders provided for in the Corporation's Plan of Arrangement (the "Plan") was not finalized See finalization.  as at September 30, 1995 due to disputed claims and other matters affecting this allocation. These new common shares will be issued over time as disputed claims and other matters are settled by the Court appointed ap·point  
tr.v. ap·point·ed, ap·point·ing, ap·points
1. To select or designate to fill an office or a position: appointed her the chief operating officer of the company.

2.
 Plan Administrator. Accordingly, the pro-forma income per share calculation is based on the weighted average of 20 million shares, the maximum number of the new class of common shares to be allocated to creditors and shareholders under the Plan, and the number of shares issued pursuant to the Corporation's stock option plan. -0-

                                Three Months      Nine Months
                                    Ended           Ended
                               September 30       September 30
(unaudited, $ thousands)   1995       1994       1995      1994
                          ------    -------      -----    -----


Revenue                   $   272   $   583  $  2,122    $ 3,360
                         ---------  --------  -------    -------


Income before
 income taxes             $   485   $   145  $  2,466    $ 2,293


Income tax expense             0         0          0          0
                         ---------  --------  -------    -------
Net income                $   485   $   145  $  2,466    $ 2,293
                         ---------  --------  -------    -------
                         ---------  --------  -------    -------


Shareholders' Equity      $12,739   $ 9,354  $ 12,739    $ 9,354
                         ---------  --------  -------    -------
                         ---------  --------  -------    -------


Pro-forma income per
  common share            $  0.02   $  0.01  $   0.12    $  0.11




CONTACT: Richard Ri·chard   , Joseph Henri Maurice Known as "Rocket." 1921-2000.

Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a
 Hazell

Toronto

(416) 214-2206
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Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 17, 1995
Words:294
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