Genterra Capital Inc. ("GCI") reports second quarter financial results

May 17, 2013, 13:22 ET from Genterra Capital Inc.

Genterra Capital Inc. (TSX Venture - "GIC" - Common)

TORONTO, May 17, 2013 /CNW/ - Effective October 1, 2011, GCI began preparing its consolidated financial statements in accordance with International Financial Reporting Standards.

Revenues for the six month period ended March 31, 2013 increased to $1,725,569 from $1,650,877 in the comparable 2012 period. Net Loss for the period was $241,951 compared to Net Income of $184,798 in the comparable 2012 period.  Loss per share for the period was $0.03 compared with Earnings of $0.02 in the comparable 2012 period.

Genterra Capital Inc. is a management and holding company whose assets include rental real estate properties and investments.

Disclaimer:  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Genterra Capital Inc.