Capital Financial Holdings, Inc. Announces Second Quarter 2010 Earnings
Today : Thursday 19 August 2010
Capital Financial Holdings, Inc. (OTCBB:CPFH), a financial services company, today reported revenues for the second quarter of 2010 of $5,155,622, an 18% increase from revenues of $4,377,969 for the second quarter of 2009.
The Company reported net income of $39,263, or $0.00 per diluted share, for the second quarter of 2010, compared to net income of $208,499, or $0.01 per diluted share, for the second quarter of 2009. Net loss for the six months ended June 30, 2010 was $61,048 or ($.01) per diluted share, compared to net income of $61,358, or $.00 per diluted share, for the six months ended June 30, 2009.
The increase in earnings and revenues for the second quarter resulted primarily from increased fee and commission income received by the Company's broker-dealer division.
Capital Financial Holdings, Inc. is publicly traded over the OTC Bulletin Board under the symbol CPFH.OB. The Company continues to operate as a Broker-Dealer with its wholly owned subsidiary Capital Financial Services, Inc.; a full-service brokerage firm that specializes in providing investment products and services to independent investment advisors, financial planners, and investment advisors throughout the United States. More information is available at capitalfinancialholdings.com or by calling (877) 814-6379.
CONTACT: Capital Financial Holdings Inc.
Bradley P. Wells