Colliers International posts profit of $35.7 million in fourth quarter

TORONTO – TORONTO (AP) _ Colliers International Group Inc. (CIGI) on Friday reported fourth-quarter earnings of $35.7 million.

On a per-share basis, the Toronto-based company said it had net income of 92 cents. Earnings, adjusted for one-time gains and costs, were $1.06 per share.

The commercial real estate services provider posted revenue of $556.1 million in the period.

For the year, the company reported profit of $23.3 million, or 62 cents per share. Revenue was reported as $1.72 billion.

Colliers International shares have fallen 23 per cent since the beginning of the year. The stock has declined 35 per cent in the last 12 months.


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Keywords: Colliers International, Earnings Report