GMP Capital Inc. (TSE: GMP) sets a record high today

GMP Capital quarterly profit exceeded analysts' forecasts

In brief: GMP Capital Inc. (TSE: GMP) catches the bullish wave on the background of a significant increase in company profits.

GMP Capital Inc. (TSE: GMP) is at around 9.85. GMP Capital shares gained 5.35 points, or +0.50% after excellent earnings report. The shares are ready to gap even higher.

Canadian brokerage GMP Capital reported a net profit increase for the second quarter from C $ 8,1 million or 12 cents per share a year earlier to C $ 22,5 million (USD 22 million), or 32 cents per share. Analysts on average expected earnings of 21 cents per share. The company also raised its quarterly dividend from 5 to 6 cents.

Anrey Torbinski
2010-08-06 16:39, Economics.

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