EARNINGS / Humboldt Capital Corporation Reports 1997
Financial Results
HUMBOLDT CAPITAL CORPORATION
VSE SYMBOL: HMB.A HMB.B
APRIL 23, 1998
Humboldt Capital Corporation Reports Excellent 1997
Financial Results
CALGARY, ALBERTA--Humboldt Capital Corporation is pleased to
report that earnings for the year ended December 31, 1997
increased to $1.8 million or $0.13 per share from $803,000 or
$0.06 per share reported for 1996. The Company's net asset value
per share increased to $1.67 per share from $1.40 per share at
December 31, 1996.
Immediately following the Company's year end, Humboldt sold its
position in Orbit Oil & Gas Ltd., realizing $10.1 million. The
Company presently has cash and current assets of $9 million and is
actively pursuing additional long term investments in the energy
business.
FINANCIAL SUMMARY
FOR THE YEAR ENDING DECEMBER 31, 1997
($000 except per share information)
1997 1996
-------- --------
Revenue $ 1,925 $ 862
Earnings $ 1,842 $ 803
Earnings per Share (1) $ 0.13 $ 0.06
Shareholders Equity $ 22,199 $ 18,589
Net Asset Value $ 1.67 $ 1.40
Shares Outstanding (1) 12,687 12,781
(1) Share information restated to account for the share
reorganization completed July 17, 1997. |
