News

FirstService posts profit of $3.3 million in 4th quarter

TORONTO – TORONTO (AP) _ FirstService Corp. (FSV) on Wednesday reported profit of $3.3 million in its fourth quarter.

The Toronto-based company said it had profit of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 28 cents per share.

The property services provider posted revenue of $316.1 million in the period.

For the year, the company reported profit of $21.4 million, or 59 cents per share. Revenue was reported as $1.26 billion.

FirstService shares have declined 18 per cent since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSV at http://www.zacks.com/ap/FSV

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Keywords: FirstService, Earnings Report