The HUB Group: News Release(1)


Press releases

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 Add Title:  The HUB Group: News Release
 Location:  Toronto
 Date:    2000-08-02  
 Please, in the following box below, enter the text for the press release. There is not limit of words. You can always go back and re-edit it.

                                                                             FINANCIAL RESULTS
                                                        FOR THE SIX MONTHS ENDED JUNE 30, 2000

                                                                  Second Quarter        Year to Date
                                                                     -----------------       -----------------
                                                              Latest   Year Ago       Latest   Year Ago
                                                                     ------   --------          ------   --------
Total revenue                                      36,418     19,110       73,033     35,242
Earnings before interest,
taxes, depreciation and
  amortization                                     9,438      4,735         18,689      8,746
Net earnings                                      3,302     1,947          6,935       3,344
Net earnings per share                   $0.18      $0.12         $0.38       $0.21

Net earnings for the quarter increased 70% to $3.3 million from $1.9 million last year. Net earnings per share for the quarter increased 50% to $0.18 per share this year from $0.12 per share last year.

The higher revenue and net earnings in the second quarter were due mainly to the positive impact of acquisitions completed during the last twelve months.

There were 18.3 million weighted average shares outstanding in the second quarter of 2000 compared to 16.4 million in 1999.

The Hub Group Limited is an international insurance brokerage which provides a broad range of commercial, personal, life, investment and risk management products.

 In the following box below, please add a contact information.
The Hub Group Limited
Kirk James
Vice President
(416) 979-5866
(416) 593-8717
 Please, enter the source in the following box.   
 SOURCE :   Hub International Limited