August 6, 2010 / 10:50 AM / 8 years ago

UPDATE 1-GMP Capital Q2 profit more than doubles

* Q2 EPS C$0.32 vs C$0.12 year-ago

* Revenue up 11 pct

Aug 6 (Reuters) - Canada’s GMP Capital Inc’s (GMP.TO) second-quarter profit more than doubled, helped by strong performance at its capital markets segment.

The Toronto-based investment dealer’s earnings came in at C$22.5 million, or 32 Canadian cents per basic share, up from C$8.1 million, or 12 Canadian cents per basic share, a year ago.

GMP said its year-ago results included C$7.7 million in tax adjustments.

    Second-quarter revenue rose 11 percent to C$111.6 million.

    Revenue from its capital markets division rose 23 percent to C$100.7 million in the quarter.

    Investment banking revenue rose 42 percent to $75.9 million. Shares of the company closed at C$9.35 Thursday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Vyas Mohan)

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