For further information about GMP Capital Inc., our results for third quarter 2014 and the meaning of certain references, this earnings release should be read in conjunction with our unaudited interim condensed consolidated financial statements as at and for the three and nine months ended September 30, 2014 (Third Quarter 2014 Financial Statements), and our management's discussion and analysis for the three and nine months ended September 30, 2014 (Third Quarter 2014 MD&A), which can be accessed on our website at gmpcapital.com and on SEDAR at sedar.com. Unless otherwise indicated, all dollar amounts are expressed in Canadian dollars and have been taken from our Third Quarter 2014 Financial Statements prepared in accordance with International Financial Reporting Standards (IFRS).
Toronto, November 7, 2014 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $67.5 million in third quarter 2014, up 58% compared with the same period a year ago. GMP recorded net income of $6.1 million and diluted earnings per share (EPS) of $0.05 in third quarter 2014 compared with a net loss of $0.5 million and a diluted loss per share of $0.01 in third quarter 2013. Return on common equity (ROE)1 was 5.6% in third quarter 2014 compared with negative 1.2% in third quarter 2013.