InterUnion Announces Financial Results for First Six Months Fiscal 1998.PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 11, 1997--InterUnion Financial Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IUFC) announced the results for its first six months of fiscal 1998: -0-
Selected Data Fiscal 1998
(All figures in '000's, except share data)
6 Mo. Ended 6 Mo. Ended
Sept. 30, Sept. 30,
1997 1996
Revenue 2,628 2,427
Net Profit (Loss) 914 (254,528)
EPS - Operations 0.09 (0.30)
EPS - Discontinued Operations 0.65 (0.05)
EPS 0.74 (0.35)
Net Profit (Loss) 1,151 (135)
Working Capital 1,443 1,489
Total Assets 11,335 10,951
Shareholders' Equity 6,254 3,483
Common Shares Outstanding 1,220,250 969,714
Book Value Per Share 5.12 3.59
-0- Georges Benarroch, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of InterUnion, stated, "We sold our auction subsidiary, Reeve REEVE. The name of an ancient English officer of justice, inferior in rank to an alderman. 2. He was a ministerial officer, appointed to execute process, keep the king's peace, and put the laws in execution. , Mackay, during the last quarter in order to focus the company's operations in exclusively financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Coverage by our research analysts in certain niche sectors has allowed our investment banking activities to continue to be profitable. Compared to fiscal '97, our financing activities to date have increased by 140% in the dollar amount raised and by 125% in the number of transactions completed." "In terms of financial results, the company continues to record its long-term holding in Receptagen Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :RCG/OTCBB:RCEPF) at cost. When realized, the revenues and capital gains generated by our participation in the restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of Receptagen, which is at the finalization Writing the table of contents (TOC) on a recordable CD or DVD disc. The finalization process ensures that the disc can be played back on most CD and DVD players. See disc-at-once. stage of its merger with Scitech Genetics genetics, scientific study of the mechanism of heredity. While Gregor Mendel first presented his findings on the statistical laws governing the transmission of certain traits from generation to generation in 1856, it was not until the discovery and detailed study of PLC, will increase InterUnion's book value substantially. During the second half of the current fiscal year, subject to continued stability in the financial markets, we will remain focused on corporate finance activities and the acquisition of additional investment management companies." InterUnion Financial Corp. is a business bank which specializes in financial services. CONTACT: InterUnion Financial Corp. Georges Benarroch, 416/955-0777 |
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