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The Cash Store Australia Holdings Inc. reports 84% increase in revenue for the first Quarter ended September 30, 2010

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^{Published in Business and Finance on Thursday, November 4th 2010 at 15:35 GMT by Market Wire}  

 - Revenue up 84.2% to $3.5 million, from $1.9 million for the same quarter last year - Net loss of $1.1 million, compared to a loss of $194,000 for the first quarter last year - Branch operating loss was ($371,000) compared to a branch operating income of $360,000 for the same quarter last year - Diluted loss per share of ($0.06) compared to diluted loss per share of ($0.01) for same quarter last year - Same branch revenues for the 28 locations open since the beginning of the same quarter of fiscal 2010 up 10.7% to $71,100 from $64,200 in the first quarter last year - EBITA of negative $838,000 compared to a negative $86,000 in the same quarter last year - Opened two new branches in the quarter 

 Three Months Ended ------------------------------------------------------------------------- Consolidated results September 30 September 30 (presented in Canadian dollars) 2010 2009 ------------------------------------------------------------------------- No. of branches 63 36 Revenue Brokerage $ 3,349,278 $ 1,815,925 Other income 128,858 37,971 ------------------------------------------------------------------------- 3,478,136 1,853,896 Branch Expenses Salaries and benefits 1,683,666 747,786 Retention payments 973,207 201,536 Rent 452,487 203,363 Selling, general, and administrative 381,475 140,747 Advertising and promotion 211,016 138,265 Amortization of capital assets 147,495 62,511 ------------------------------------------------------------------------- 3,849,346 1,494,208 ------------------------------------------------------------------------- Branch Operating Income (371,210) 359,688 Regional expenses 173,524 88,292 Corporate expenses 724,823 435,353 Other amortization 13,032 9,275 Foreign exchange loss (gain) (225,049) 20,284 EBITA* (838,295) (85,727) ------------------------------------------------------------------------- Net loss $ (1,057,540) $ (193,516) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Weighted average number of shares outstanding - basic 16,425,213 16,375,482 Basic and Diluted loss per share Net loss $ (0.06) $ (0.01) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Consolidated Balance Sheet Information Working capital $ (2,196,479) $ (81,944) Total assets 5,278,802 2,101,330 Total long-term liabilities 170,271 56,535 Total liabilities 5,089,808 1,006,713 Shareholders' equity $ 188,994 $ 1,094,617 ------------------------------------------------------------------------- ------------------------------------------------------------------------- * EBITA - earnings before interest, income taxes, stock-based compensation, amortization of capital and intangible assets.