Company News

Capital Financial Holdings, Inc. Announces Fourth Quarter and Year-End 2015 Results

Contact:  John Carlson, 701/837-9600

 

MINOT, NORTH DAKOTA - (March 25, 2016) – Capital Financial Holdings, Inc. (CPFH.OB), a financial services company, reports revenues for the fourth quarter of 2015 of $4,959,127, a decrease from revenues of $5,068,721for the fourth quarter of 2014.  Revenues for the year ended December 31, 2015 were $19,321,977, compared to revenues of $21,245,393 for the year ended December 31, 2014.

 

The Company reported a net income of $77,235 for the fourth quarter of 2015, compared to a net loss of $1,523,899 for the fourth quarter of 2014.  The net income for the year ended December 31, 2015 was $46,628, or $38 per diluted share, compared to a net loss of $1,542,184, $(1,243) per diluted share, for the year ended December 31, 2014.

 

The decrease in revenues for the fourth quarter and year ended resulted from a decrease in the 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.


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