Toronto, April 27, 2017 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $48.9 million in first quarter 2017, up 7% compared with the same period a year ago. Revenues were bolstered by $7.7 million in dividends received in connection with GMP's preferred share investments in Richardson GMP. First quarter 2017 net income was $3.5 million and diluted earnings per share (EPS) was $0.03, compared with a net loss of $3.6 million and diluted loss per share of $0.08 in first quarter 2016. On an adjusted basis1, first quarter 2017 net income was $7.1 million and EPS was $0.07.
For further information about GMP Capital Inc., our results for first quarter 2017 and the meaning of certain references, this earnings release should be read in conjunction with our unaudited interim condensed consolidated financial statements as at and for the three months ended March 31, 2017 (First Quarter 2017 Financial Statements) and our management's discussion and analysis for the three months ended March 31, 2017 (First Quarter 2017 MD&A), which can be accessed on our website at gmpcapital.com and on SEDAR at sedar.com. Unless otherwise indicated, all dollar amounts are expressed in Canadian dollars and have been taken from our First Quarter 2017 Financial Statements prepared in accordance with International Financial Reporting Standards (IFRS).
TORONTO, ON. (March 31, 2017) – GMP Capital Inc. (GMP) (TSX:GMP) will release its first quarter 2017 financial results and hold its annual meeting of common shareholders (Annual Meeting) on Thursday, April 27, 2017 in Calgary. First quarter results are expected to be released at approximately 6:00 a.m. (EST).