Grandfield Pacific Inc. Releases First Quarter Financial Results

YELLOWKNIFE, Sept. 25, 2013 /CNW/ - Grandfield Pacific Inc. today released the financial results for the first quarter ended July 31, 2013.

For the three months ended July 31, 2013

Net income before income tax for the three-month period ended July 31, 2013, was a loss of $10,014 as compared to a loss for the same quarter ending in 2012 of $11,083.  The improvement in operations is directly related a decrease in office expenses and loss from foreign exchange.

			For the three months ending:
Summary of Financial information		Notes		31-Jul-13		31-Jul-12
				$		$
Total revenue		1		2,854		2,986
Net (loss) income				(10,014)		(11,083)
Basic/ diluted loss per share				(0.00)/(0.00)		(0.00)/(0.00)

Notes:

1. Includes interest and other income

Additional information of the financial results of the Company is filed on System for Electronic Document Analysis and Retrieval ("SEDAR") and can be accessed electronically at www.sedar.com.

Grandfield Pacific Inc., through its operating subsidiaries, maintains ownership interests in and operates a hotel in Canada.  The Company's offices are based in Yellowknife, Northwest Territories, Vancouver, British Columbia and Hong Kong. 

 

SOURCE: Grandfield Pacific Inc.

Sam Mark, President and Chief Executive Officer
Email:  [email protected]