November 30, 2009 at 16:32 PM EST
Beaumont Select Corporations Inc. Announces First Quarter Results

CALGARY, ALBERTA--(Marketwire - Nov. 30, 2009) - Beaumont Select Corporations Inc. (TSX VENTURE:BMN.A) has released its financial results for its first quarter ending September 30, 2009. The unaudited financial statements and related management's discussion and analysis have been filed with Canadian securities regulatory authorities on SEDAR.

FINANCIAL HIGHLIGHTS

The Corporation's financial results for the three months ended September 30, 2009 compared to the same period in the previous fiscal year included the following:

- A rising stock market has resulted in the following changes to the portfolio of equity securities:

/T/

$ millions Sep 30, 2009 Jun 30, 2009 3 mo. Change

-------------- -------------- --------------

Portfolio value $10.836 $ 9.28 16.7%

Margin Loan 4.762 4.342 9.7%

Equity in Portfolio 6.074 4.938 23%

/T/

- Revenues increased by 1.6% in the first quarter compared to the first quarter 2008-9. New product as well as additional domestic customers offset a reduction in export sales to the United States.

- Operating margin has increased to 7.7% from 0.34% for the first quarter last year.

- Consolidated Net income is $874 thousand or 5 cents per share, compared to a loss of 15 cents per share for the prior period last year.

The key driver for profit has been the increase in the Canadian and US stock markets, as the Corporation's portfolio of equity securities generated $940 thousand in realized and unrealized gains, compared to a loss of $2.421 million in the first quarter last year.

As at November 23rd, the investment division is currently outperforming the TSX Composite index, with a 22% increase in the equity value of the portfolio since September 30th, compared to a 2% rise in the TSX composite index.

Beaumont Select Corporations Inc is management and investment corporation with investments in the food industry, as well as a portfolio of equity securities. Beaumont Select is listed on the TSX Venture exchange under the ticker symbol BMN.A.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here