(May 31 – 09:35 ET) – Rampart Mercantile Inc., parent of Toronto-based Rampart Securities Inc., is reporting its results for the second quarter ended April 30.

Revenue for the six months ended April 30 are up 139% and net income in the period reached 49¢ per share, up from 0¢ in the period last year.

The firm attributes the strong results to record commissions of $10.1 million and new issue revenue of $1.7 million earned in the period. The results boost the firm’s shareholders’ equity 133% from 1999.

Rampart, with offices in Toronto, Pickering, Ont., Calgary and Fredericton has 80 brokers. It trades on the Canadian Dealing Network Inc.
-IE Staff