August 3, 2012 / 10:18 AM / 5 years ago

GMP Capital posts loss on weak capital markets

1 Min Read

(Reuters) - GMP Capital Inc GMP.TO 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

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