Guardian Capital Group Limited (GCG, GCG.A) Today Announced the Company's Operating Results for the Nine Months Ended September

Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A) - 



For the periods ended September 30                                        
($ in thousands, except per share         Three Months         Nine Months
amounts)                                  2010    2009        2010    2009
                                                                          
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Gross revenues, net of commissions                                        
paid to advisors                   $  16,415 $  16,271  $ 49,136  $ 44,157
                                                                          
Net earnings                           3,323     3,443     9,562     7,340
                                                                          
Cash flow from operations before                                          
 change in non-cash working capital    4,001     4,477    11,756    10,374
                                                                          
Per Share                                                                 
Basic net earnings                 $    0.10 $    0.10 $    0.29 $    0.21
Diluted net earnings                    0.10      0.10      0.28      0.21
                                                                          
Basic cash flow from operations                                           
 before change in non-cash                                                
 working capital                  $     0.12 $    0.13 $    0.36 $    0.30
Diluted cash flow from operations                                         
before change in non-cash                                                 
  working capital                       0.12      0.13      0.35      0.29


--  Net earnings for the second quarter were $3.3 million, or $0.10 per
    share, diluted, compared to $3.4 million, or $0.10 per share, diluted,
    for the third quarter of 2009. 

--  Assets under management were $15.3 billion as at September 30, 2010,
    compared to $13.5 billion as at September 30, 2009. 

--  Assets under administration were $7.4 billion as at September 30, 2010,
    compared to $6.9 billion as at September 30, 2009. 

--  Cash flow from operations for the third quarter was $4.0 million,
    compared to $4.5 million for the same period in 2009. 

--  The fair value of the Company's holdings of securities as at September
    30, 2010 was $384.7 million or $11.46 per share, diluted. 



Guardian Capital Group Limited is a diversified financial services company
founded in 1962. Guardian provides investment management services to
institutional and high net worth clients; provides financial services to
international investors; and provides services to financial advisors in its
national mutual fund dealer, securities dealer, and insurance distribution
network. Its Common and Class A shares are listed on The Toronto Stock Exchange.