CPVC Financial Corporation Releases Third Quarter Financial Statements
01 5월 2009 - 8:18AM
Marketwired Canada
CPVC Financial Corporation ("CPVC Financial") (TSX VENTURE:LHB) today released
its audited consolidated financial statements for the year ended December 31,
2008.
The net loss for the year ended December 31, 2008 was $(2,537,467) or $(0.033)
per share compared to net income of $3,540,844 or $0.037 at December 31, 2007.
SUMMARY OF INCOME STATEMENT INFORMATION
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Income Statement December 31, December 31,
2008 2007
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Revenues $(1,724,069) $ 4,735,979
Net earnings (loss) $(2,537,467) $ 3,540,844
Per share - basic $ (0.033) $ 0.037
Per share - diluted $ (0.033) $ 0.035
Weighted average shares outstanding -
Basic 75,993,616 77,950,447
Diluted 75,993,616 80,999,631
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SUMMARY OF CASH FLOWS INFORMATION
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Cash Flows December 31, December 31,
2008 2007
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Operating activities $ (237,827) $ 6,383
Investing activities $ (84,570) $ (104,118)
Financing activities $ 219,473 $ 415,219
Increase (decrease) in cash $ (102,924) $ 317,484
Cash - beginning of year $ 622,408 $ 304,924
Cash - end of year $ 519,484 $ 622,408
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SUMMARY OF BALANCE SHEETS INFORMATION
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Balance Sheets December 31, December 31,
2008 2007
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Cash and cash equivalents $ 519,484 $ 622,408
Total Assets $ 6,419,884 $ 8,020,256
Total Liabilities $ 2,405,791 $ 1,470,196
Share Capital $ 3,848,256 $ 6,575,676
Total Shareholders' Equity $ 4,014,093 $ 6,550,060
Total Liabilities & Shareholders' Equity $ 6,419,884 $ 8,020,256
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The Company's December 31, 2008 financial statements may be viewed on SEDAR at
www.sedar.com.
Cpvc Financial Corp (TSXV:LHB)
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Cpvc Financial Corp (TSXV:LHB)
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