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ZGCO Ziegler Companies Inc (CE)

40.26
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ziegler Companies Inc (CE) USOTC:ZGCO OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 40.26 0.00 01:00:00

Ziegler Announces Fourth Quarter Financial Results

07/02/2012 9:00pm

Marketwired


Ziegler Companies (CE) (USOTC:ZGCO)
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The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), a diversified financial services holding company, today released its financial results for the year ending December 31, 2011.

For the quarter ended December 31, 2011, total revenues were $23,914,000 compared to $20,339,000 in the fourth quarter of 2010. Net income for the fourth quarter of 2011 was $941,000 or $.80 per basic and diluted share compared to a net loss of $134,000 or $.11 cents per basic and diluted share in the fourth quarter of 2010.

For the full year ended December 31, 2011, total revenues were $67,579,000 compared to $77,554,000 for the same period in 2010. Net income for the year was $1,517,000 or $1.27 per basic and diluted share in 2011 compared to net income of $925,000 or $.73 cents per basic and diluted share for the same period in 2010. Year-over-year, book value increased by $1.56 per share, a 7% increase, as a result of earnings and a decrease in outstanding shares. Tangible book value reached $22.99 per share, which was an increase from $21.51 per share on December 31, 2010.

Ziegler's Chief Executive Officer, Thomas R. Paprocki, commented, "We are one year in to our three-year strategic plan. Quantitatively, I am pleased with our reported increase in profits and tangible book value. Qualitatively, all business units are contributing and our firm is operating efficiently. We will continue to 'stay the course' of our plan -- focused and energized and looking forward to 2012."

For access to Ziegler's press releases and financial statements as they are released, please visit www.Ziegler.com.

About Ziegler: The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) together with its affiliates (Ziegler) is a specialty investment bank with unique expertise in complex credit structures and advisory services. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions for our clientele. Ziegler is ranked nationally as one of the leading investment banking firms in our specialty sectors of healthcare, senior living, religion, and education finance as well as corporate finance and FHA/HUD. Ziegler serves institutional and individual investors through our capital markets and full-service wealth management professionals.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.

Gary Engle 312-596-1622 Email Contact

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