Company News

Capital Financial Holdings, Inc. Announces First Quarter 2017 Earnings

Contact: John Carlson 701/837-9600

MINOT, NORTH DAKOTA - (May 15, 2017) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, reports operating revenues for the first quarter of 2017 of $3,923,436, a decrease from revenues of $4,168,104 for the first quarter of 2016. 

The Company reported net loss of continuing operations of $69,795, or ($56) per diluted share, for the first quarter of 2017, compared to a net loss of $68,571, or $(56) per diluted share, for the first quarter of 2016. 

The decrease in revenues resulted from stagnant growth and an increase in compensation and benefit and general and administrative expenses during the first quarter in 2017.

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.