Humboldt earns $16.2 million for the year ended December 31, 2009
CALGARY, April 30 /CNW/ - Humboldt today reported earnings of $16.2 million or $1.33 per share for the twelve months ended December 31, 2009. Humboldt also announces that its net asset value had increased to $46.7 million or $3.77 per share at December 31, 2009.
Humboldt's cash and cash equivalents were $10.4 million at December 31, 2009.
Highlights
Year Ended December 31 --------------------------------- (Thousands, except per share amounts) 2009 2008 2007 ------------------------------------------------------------------------- Earnings (loss) and comprehensive earnings (loss) for the year $ 16,199 $(22,486) $(14,575) Earnings (loss) per share, diluted $ 1.33 $ (1.84) $ (1.18) Eligible Dividends paid $ 3,042 $ - $ - Dividends per share $ 0.25 $ - $ - Share capital $ 2,033 $ 2,047 $ 2,072 Retained earnings $ 43,320 $ 30,281 $ 53,110 Shareholders' equity $ 46,694 $ 33,669 $ 56,397 Cash and cash equivalents $ 10,376 $ 21,867 $ 9,458 Shares outstanding 12,115 12,201 12,350 Net asset value per share, diluted $ 3.77 $ 2.75 $ 4.42 -------------------------------------------------------------------------
Humboldt's Financial Statements and Management's Discussion and Analysis for the twelve months ended December 31, 2009 have been filed on SEDAR and can be found on Humboldt's website at www.humboldtcapital.com.
Forward-looking statements - the press release today contains "forward-looking" information. Actual results could differ materially from the conclusions, forecasts or projections in the forward-looking information. Certain material factors and assumptions were applied in drawing the conclusions or making the forecasts or projections as reflected in the forward-looking information. Additional information about the material factors that could cause actual results to differ materially from the conclusion, forecast or projection in the forward-looking information and the material factors or assumptions that were applied in drawing the conclusion or making the forecast or projection as reflected in the forward-looking information is contained in the press release.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information: For further information: R.W. Lamond, Chairman of the Board - or - C.A. (Tony) Teare, Executive Vice President, HUMBOLDT CAPITAL CORPORATION, Telephone: (403) 269-9889, Fax: (403) 269-9890, TSX-V: HMB
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