GMP REPORTS SECOND QUARTER 2016 RESULTS

GMP CAPITAL INC. REPORTS SECOND QUARTER 2016 RESULTS

GENERATED PRE-TAX EARNINGS OF $0.3 MILLION ON REVENUE OF $41.5 MILLION

For further information about GMP Capital Inc., our results for second quarter 2016 and the meaning of certain references, this earnings release should be read in conjunction with our unaudited interim condensed consolidated financial statements as at and for the three and six months ended June 30, 2016 (Second Quarter 2016 Financial Statements), and our management's discussion and analysis for the three and six months ended June 30, 2016 (Second Quarter 2016 MD&A),which can be accessed on our website at gmpcapital.com and on SEDAR at sedar.com. Unless otherwise indicated, all dollar amounts are expressed in Canadian dollars and have been taken from our Second Quarter 2016 Financial Statements prepared in accordance with International Financial Reporting Standards (IFRS).

 

Toronto, August 5, 2016 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $41.5 million in second quarter
2016, down 48% compared with the same period last year. Income before income tax was $0.3 million in second quarter 2016. GMP recorded a net loss of $0.7 million and a diluted loss per share of $0.02 in second quarter 2016, compared with net income of $5.5 million and diluted earnings per share (EPS) of $0.06 in second quarter 2015.

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GMP TO ACQUIRE FIRSTENERGY CAPITAL

GMP CAPITAL INC. TO ACQUIRE FIRSTENERGY CAPITAL

• Enhances GMP’s positioning in Canadian energy and the independent brokerage space

• Combined energy businesses will be rebranded “GMP FirstEnergy” and continue to be headquartered in Calgary

• Key members of FirstEnergy’s management team will join GMP’s Executive Committee

Toronto, August 4, 2016 - GMP Capital Inc. (GMP) (TSX: GMP) announced today that it has agreed to acquire FirstEnergy Capital Corp. (FirstEnergy).  Established in 1993, FirstEnergy is an industry leader in the global energy sector providing financial advisory and investment services to a broad range of corporate clients and sophisticated investors worldwide.   Since 2008, FirstEnergy has completed over $63 billion in equity financing transactions in the energy sector and has advised on 159 transactions with an aggregate value of $31 billion. The firm has 91 employees in its Calgary and London offices across investment banking, sales and trading and research.  GMP will operate the combined energy businesses under the “GMP FirstEnergy” brand.

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