Genterra Capital Inc. (TSX Venture - "GIC" - Common)
TORONTO, March 15, 2012 /CNW/ - Effective October 1, 2011, GCI began preparing its consolidated financial statements in accordance with International Financial Reporting Standards, with retroactive restatement of comparative figures. For more information, please refer to the Company's December 31, 2011 quarterly unaudited interim financial statements and management's discussion and analysis thereon.
Revenues for the three month period ended December 31, 2011 decreased to $1,101,001 from $1,193,995 in the comparable 2010 period. Net Earnings for the period were $161,008 compared to $42,088 in the comparable 2010 period. Earnings per share for the period was $0.02 compared with $0.00 in the comparable 2010 period.
Genterra Capital Inc. is a management and holding company whose assets include rental real estate properties and investments.
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Stan Abramowitz, Secretary