Recent

% | $
Quotes you view appear here for quick access.

SİGNATURE GROUP HOLDİNG Message Board

  • danti89118 danti89118 Aug 1, 2013 8:16 PM Flag

    Signature Group Holdings, Inc. Reports Second Quarter 2013 Results $1.8 Million Operating Profit from Continuing Operations

    Signature Group Holdings, Inc. Reports Second Quarter 2013 Results
    $1.8 Million Operating Profit from Continuing Operations
    Substantial Increase in Cash from the Sale of Loans
    Higher Profit Margin at Industrial Supply

    PR NewswirePress Release: Signature Group Holdings, Inc. – 13 hours ago
    Email

    Print
    RELATED QUOTES
    Symbol Price Change
    SGGH 1.14 +0.03

    SHERMAN OAKS, Calif., Aug. 1, 2013 /PRNewswire/ -- Signature Group Holdings, Inc. (SGGH) today announced financial results for its second quarter ended June 30, 2013.
    The Company's net loss for the second quarter of 2013 was $1.9 million, or $0.02 per share, an improvement to the net loss of $3.9 million, or $0.04 per share, reported for the second quarter of 2012. The 2013 second quarter results include a $5.0 million, or $0.04 per share, gain on sale of residential loans as compared to no gain in the second quarter of 2012. The second quarter results also included a $3.7 million, or $0.03 per share, noncash charge related to the Company's common stock warrant liability while the 2012 second quarter results included a $0.6 million, or $0.01 per share, noncash charge. The Company also incurred $1.8 million of expenses related to the contested proxy and associated settlements in the second quarter of 2013, compared to $0.7 million of contested proxy and related expenses in the second quarter of 2012.
    "I am satisfied with the progress the Company is making to execute on its growth plan and would like to thank the shareholders for their overwhelming support of that plan by approving the increase of our authorized share count," stated Craig T. Bouchard, Chairman and CEO of Signature. "During the quarter, we reduced headcount and operating expenses at the holding company, divested the remaining legacy residential mortgage assets and increased our cash position. Our focus now turns to completing an accretive acquisition. We are seeing an abundance of excellent opportunities."
    Quarterly Results
    Operating revenues f

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
SGGH
0.00(0.00%)