West Street Announces 2012 Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/26/13 -- West Street Capital Corporation ("West Street" or the "company") (TSX VENTURE: WSC)(TSX VENTURE: WSC.PR.A) reported net income for the year ended December 31, 2012 of $5.9 million compared to $3.6 million in 2011. After providing for unpaid preferred share dividend obligations of $2.9 million (2011 - $2.9 million) that accumulated during the year, net income per common share was $0.27 for the year ended December 31, 2012 compared to $0.06 per common share in 2011.
STATEMENTS OF OPERATIONS
Comprehensive income, which includes both net income and other comprehensive income, totalled $23.7 million for the year ended December 31, 2012 compared to $3.1 million in the prior year, which decreased the common share deficit to $16.8 million. The company recorded other comprehensive income of $17.8 million (2011 - loss of $0.5 million) during the year as a result of an increase in the fair value of the securities portfolio of $20.5 million offset by $2.7 million of deferred income taxes.
STATEMENTS OF FINANCIAL POSITION
Contacts:
West Street Capital Corporation
Sachin G. Shah
President
(416) 363-9491
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Datum: 26.04.2013 - 14:38 Uhr
Sprache: Deutsch
News-ID 1220885
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Investment Services & Trading
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