In its annual report to shareholders, detailing results for the year ending March 31, Jovian Capital Corp. reported $131.8 million revenue for the year, which represents an increase of $58.9 million, or an 81% increase compared to the prior year. Revenue for the quarter was $59.9 million compared to $23.7 million in the fourth quarter of fiscal 2005.

The increase in revenue, year-over-year and quarter-over-quarter, is consistent with the corporate strategy to strengthen Jovian’s market profile in the financial services sector. Acquisitions made over the course of the past two years are contributing to the overall financial performance of the combined entity, as is the revenue growth realized within the existing platforms.

Since Jovian’s merger with Rice Capital nearly three years ago, Jovian has brought client assets from just under $3.7 billion to over $11.2 billion, and annual revenues from $21 million to $131.8 million. This year’s revenues and assets have more than tripled those of fiscal 2003.

“We have seen tremendous growth as a company, with both our wealth and asset management platforms growing at a good pace,” said Jovian president and CEO Philip Armstrong. “MGI, in particular, has been a significant contributor to our results this year.”

Jovian reported net earnings of $5.4 million and $5.3 million for the 12 and three months ended March 31, representing a fully diluted earnings per share of $0.06 and $0.05, respectively, compared to $0.5 million and $0.3 million, or $0.01 per share and $0.00 per share, respectively, for the corresponding periods of 2005.

Total expenses for the 12 and three months ended March 31, 2006, were $126.3 million and $54.6 million, respectively, versus $72.5 million and $23.4 million in the prior year. The increase in expenses is a result of Jovian’s growth on a year-over-year basis, both organically and through the aforementioned acquisitions.

Selling, general and administration expense was $28.3 million and $9.8 million for the year and three months ended March 31, compared to $22 million and $7.3 million for the prior year. Further, compensation expense was $85.8 million and $38.9 million for the current twelve and three months ended, compared to $46 million and $14.7 million in the prior year.

For the year ahead, Jovian says it remains committed to growing all platforms within the organization, both organically and through acquisition, while creating a working environment that attracts talented individuals.