March 14, 2012 / 10:13 AM / 6 years ago

GMP Capital's profit falls on weak capital markets

March 14 (Reuters) - GMP Capital Inc’s fourth-quarter profit fell, hurt primarily due to weaker performance in its capital markets segment.

Net income was C$2.4 million, or 2 Canadian cents a share, compared with C$46.0 million, or 50 Canadian cents a share, a year ago.

Adjusted net income was C$4.3 million, compared with C$46.5 million last year.

Revenue fell 53 percent to C$72.7 million.

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