GMP Capital posts loss on weak capital markets

Fri Aug 3, 2012 6:16am EDT
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(Reuters) - GMP Capital Inc (GMP.TO: Quote) reported a second-quarter loss as weakness persisted in capital markets and said equity underwriting has slowed considerably.

Net loss attributable to common shareholders was C$4.1 million, or 6 Canadian cents per basic share, compared with net income of C$2.7 million, or 4 Canadian cents per basic share, a year earlier.

On an adjusted basis, GMP, one of Canada's most successful independent investment dealers, reported a net loss of 5 Canadian cents per basic share.

(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Don Sebastian)