In TO456 sent today at 18:19e an error occurred in paragraph 5, line 2. "...expected to be reported at
, an increase of 4.8% over last year," should read: "expected to be reported at
, an increase of 4.8% over last year." Corrected copy follows:
Cash Store Financial Provides Fiscal Year Financial and Corporate Update
Complete 2013 financial results to be released in late December
Cash Store Conference Call Details
Tuesday, November 5, 2013
11:30 am EST
9:30 am MST
) 1-888-231-8191 ID#92540656
Nov. 4, 2013
/PRNewswire/ - Following the completion of the Company's 2013 fiscal year on
September 30, 2013
, The Cash Store Financial Services Inc. ("Cash Store Financial") (TSX: CSF; NYSE: CSFS) today provided a financial and operations update to shareholders. The Company's complete audited financial statements, including its Management Discussion and Analysis, are expected to be released before the end of December.
"We committed to providing investors with an update on our performance in advance of releasing our fiscal 2013 results. We look forward to discussing this update with investors on our conference call on
," said Mr.
Total revenue for the fourth quarter is expected to be reported at
in fiscal 2013 compared to
in the third quarter of 2013 and
for the fourth quarter of fiscal 2012. Loan volume was
in the fourth quarter of fiscal 2013, compared to
in the third quarter of this year and
in the fourth quarter of fiscal 2012.
Total revenue for the year ended
is expected to be reported at
in 2013, up from
for fiscal 2012. Loan volume for the year was
in 2013, down from
one year earlier.
Same branch revenue for the fourth quarter, calculated on the branches in
that were open for both FY2013 and FY2012, are expected to be reported at
, an increase of 4.8% over last year.
"We have ambitious priorities for fiscal 2014," Mr. Reykdal said. "We will continue to rollout the suite of line of credit products that we have begun introducing to the market, look to increase our ancillary revenue through enhanced and new product offerings, improve the financial performance of our UK operations, reduce corporate expenses and improve credit quality."