Montréal, February 14, 2008 - Capital régional et coopératif Desjardins today announced its financial results for the fiscal year ended December 31, 2007.
At the end of the second half of 2007, Capital régional posted a net loss of $2.5 million. Because share value is determined at the end of each six-month period, the loss effectively reduces the value per share to $9.89, a downward move of $0.03 compared with the value of $9.92 released last August at the end of the first half. For the year as a whole, the loss totals $22.2 million, or a negative return of 3.2%.
The impact of the high Canadian dollar and difficulties in some sectors of the economy, primarily manufacturing, once again negatively influenced the investment portfolio. Despite these conditions, Capital régional continued to be a very active participant in economic development with $470 million invested at the end of 2007 in Québec businesses and funds, supporting nearly 30,000 jobs.
The 2007 issue raised $101.9 million, bringing the Company's net assets to $732.5 million at the close of the fiscal year. The number of shareholders as at December 31, 2007 was 120 652, up 2% over 2006.
Desjardins Capital régional et coopératif
Founded in 2001, Capital régional et coopératif Desjardins is a publicly traded company managed by Desjardins Venture Capital. With over 120,000 shareholders, the Company contributes to Québec's economic development while driving the growth of cooperatives and the resource regions. Capital régional et coopératif Desjardins currently supports 195 companies and cooperatives in various industries spanning all Québec regions. (www.capitalregional.com)
- 30 -
Our press releases are available in
format
For further information:
Danièle Routhier
Manager, Public Affairs
Desjardins Venture Capital
514-281-2211
Money working for people
Copyright © 1996-2008, Mouvement des caisses Desjardins – Desjardins Group. All rights reserved.