Weaker economic growth in the second half of 2010 will dampen profitability in 2011
Staff, other expenses rise
Source: The Canadian PressKingsway Financial Services Inc. (TSX:KFS) returned to profitability in the third quarter with US$2.5 million of net income or five cents per share, the company said Friday.The Toronto-area insurance company, which reports in U.S. currency, took in less revenue from premiums but did better on underwriting losses, investments and continuing operations.It also […]
Source: The Canadian PressPower Financial Corp. (TSX:PWF) said its net profits plummeted nearly 29 per cent to $323 million in the third quarter due to a litigation charge by its insurance subsidiary.The main operating arm of Montreal-based Power Corp. (TSX:POW) said it earned 42 cents per share for the three months ending Sept. 30, compared […]
Funds benefit from significant exposure to gold and silver
Increases in loans and credit card activities
Source: The Canadian PressInsurance provider Great-West Lifeco Inc. (TSX: GWO) reported third-quarter net earnings of $275 million on Wednesday, down from a year-ago $445 million as it booked a big cash provision to cover the costs of a recent legal ruling against the company.Stripping out the effect of the one-time $204-million litigation provision related to […]
Source: The Canadian PressWestern Financial Group (TSX:WES) reported Wednesday a third-quarter profit of $5.1 million, up from a year-earlier $4.1 million, as revenue for the three months ended Sept. 30 jumped to $60.3 million from $40 million.The insurance and financial services firm based in High River, Alta. said its earnings amounted to six cents per […]
Q3 profit rises 14% to $75.5 million
Half of TSX companies yet to report