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Capital Financial Holdings, Inc. Announces Third Quarter 2012 Earnings

Contact:  John Carlson (701.837.9600)

MINOT, NORTH DAKOTA - (November 14, 2012) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, today reported revenues for the third quarter of 2012 of $4,724,365, a 12% increase from revenues of $4,170,723 for the third quarter of 2011. 

The Company reported a net income of $82,720, or $0.01 per diluted share, for the third quarter of 2012, compared to a net loss of $121,608, or ($0.01) per diluted share, for the third quarter of 2011. The Company reported a net loss for the nine months ended September 30, 2012 of $224,758 or ($.02) per diluted share, compared to a net income of $122,734, or $0.0 per diluted share, for the nine months ended September 30, 2010.

The increase in revenues for the third quarter resulted from an increase in the commission income received by the Company’s broker-dealer division. 

The increase in earnings for the third quarter resulted primarily from a reduction in the general and administrative expenses of the Company.  The decrease in earnings for the nine months ended September 30, 2011 was due primarily to a goodwill impairment that was recorded during the first quarter.

Statements in this press release regarding the Company’s business which are not historical facts are “forward-looking statements” that involve a number of risks and uncertainties.  The Company cautions that various factors, including the factors described under the caption forward-looking statements in the Company’s annual report on Form 10-K, could cause actual results to differ materially from the statements contained herein.  These factors include the following:  business conditions and growth in the financial services industry, regulatory changes; general economic conditions; competitive factors including compressed net profit margins; changes in product mix; labor strikes; fluctuations in foreign currency exchange rates; income tax legislation; and the risk factors listed from time to time in the Company’s reports filed with the Securities and Exchange Commission.  The Company undertakes no obligation to update any forward-looking statement.

Capital Financial Holdings, Inc. is publicly traded over the OTC Bulletin Board under the symbol CPFH.OB.  The Company continues to operate as a Broker-Dealer with its wholly owned subsidiary Capital Financial Services, Inc.; a full-service brokerage firm that specializes in providing investment products and services to independent investment advisors and financial planners throughout the United States.  More information is available at http://capitalfinancialholdings.com or by calling (877) 814-6379.

 

 




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