“The industry is pragmatically optimistic, and so are we,” commented Thomas R. Paprocki, chief executive officer of Ziegler.
(PRWEB) May 01, 2012
The Ziegler Companies, Inc., a diversified financial services holding company, today released its financial results for the first quarter ending March 31, 2012.
“The industry is pragmatically optimistic, and so are we,” commented Thomas R. Paprocki, chief executive officer of Ziegler. “In 2011, we posted our third year in a row of improved profitability. We plan to make 2012 the fourth. Our first-quarter revenues and profits exceeded our quarterly targets – a good start to the year.”
In the three months ended March 31, 2012, total revenues for the quarter were $18,455,000 compared to $11,492,000 in the first quarter of 2011. Net income for the first quarter of 2012 was $285,000 or 24 cents per basic and diluted share compared to net loss of $1,130,000 or 93 cents per basic and diluted share in the first quarter of 2011. Book value as of March 31, 2012 was $24.07, an increase from $23.85 as of December 31, 2011.
For access to Ziegler’s press releases and financial statements as they are released, please visit http://www.Ziegler.com.
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) together with its affiliates (Ziegler) is a specialty investment bank with unique expertise in complex credit structures and advisory services. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions for our clientele. Ziegler is ranked nationally as one of the leading investment banking firms in our specialty sectors of healthcare, senior living, religion, and education finance as well as corporate finance and FHA/HUD. Ziegler serves institutional and individual investors through our capital markets and full-service wealth management professionals.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.
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