Counsel Corporation Announces 1999 Second Quarter Earnings.

Extract


Counsel Corporation Announces 1999 Second Quarter Earnings.

TORONTO--(BUSINESS WIRE)--Aug. 17, 1999--

Counsel Corporation (TSE:CXS / NASDAQ:CXSN) today reported its financial results for the second quarter of 1999.

Counsel's earnings from continuing operations were US$1.9 million or US$0.06 per share, basic and fully diluted, compared with US$1.4 million or US$0.05 per share in the second quarter of 1998.

In the fourth quarter of 1998, due to: (1) the agreement to sell Counsel's 100 percent interest in Stadtlander Drug Co., which closed in January 1999; (2) the pending merger...

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