West Street Announces First Quarter Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/28/12 -- West Street Capital Corporation (TSX VENTURE: WSC)(TSX VENTURE: WSC.PR.A) ("West Street" or the "company") reported net income for the quarter ended March 31, 2012 of $1.5 million compared to $0.6 million in the comparative quarter in 2011. After providing for unpaid preferred share dividend obligations of $0.7 million (2011 - $0.7 million) that accumulated during the quarter, net income per common share was $0.07 for the three months ended March 31, 2012 compared to a net loss of $0.01 per common share in 2011.
Comprehensive income, which includes both net income and other comprehensive income, for the three months ended March 31, 2012 totalled $7.1 million compared to $3.1 million in the comparative period in 2011, which reduced the common share deficit to $31.1 million. The company recorded an unrealized gain of $5.6 million (2011 - $2.5 million) in other comprehensive income during the quarter as a result of increases in the fair value of the securities portfolio.
Contacts:
West Street Capital Corporation
Sachin G. Shah
President
(416) 359-8625
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Datum: 28.05.2012 - 14:50 Uhr
Sprache: Deutsch
News-ID 1118363
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TORONTO, ONTARIO
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Investment Services & Trading
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