Jovian Capital Corp. reported a 60% jump in earnings before deductions for the quarter ending December 31, 2005.

Jovian’s EBITDA (earnings before interest, taxes, revaluation of share redemption liability, depreciation and amortization) increased to $2.6 million, compared to $1.6 million for the same period last year. Nine-month EBITDA increased more than 100% to $6.5 million from $3.2 million for the same period in the prior year.

Net earnings were significantly lower, checking in at $84,000, a drop from $561,000 the previous year.

“Since becoming a public company in July 2003, Jovian has grown substantially in client assets and quarterly revenue,” said Philip Armstrong, Jovian’s president and CEO. “This is our ninth consecutive quarter with positive EBITDA.”

Revenue for the three and nine months ended December 31, 2005, was $26.6 million and $71.9 million, compared to $20.3 million and $49.2 million for the previous year’s three and nine month comparatives, an increase of 30% and 46% respectively.

Jovian is a publicly traded management and holding company listed on the TSX Venture Exchange. It has interests in a number of wealth management companies, including Convoy Capital Corp. and Rice Financial Group Inc, and asset management firms, including Accumulus Management Ltd. and Jovian Asset Management Inc.