Company News

Capital Financial Holdings, Inc. Announces First Quarter 2013 Earnings

Contact: John Carlson 701/837-9600

MINOT, NORTH DAKOTA - (May 15, 2013) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, reports revenues for the first quarter of 2013 of $5,462,140, a 31% increase over revenues of $4,160,778 for the first quarter of 2012. 

The Company reported net income of $5,722, or $0.00 per diluted share, for the first quarter of 2013, compared to a net loss of $397,794, or ($0.03) per diluted share, for the first quarter of 2012. 

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

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.

 

 




view all news...
Home | Contact Us | Privacy Policy | Terms of Use
© 2003-2018 Capital Financial Holdings, Inc.