News

Kingsway Financial posts 4th-quarter loss of $2.2 million

TORONTO – TORONTO (AP) _ Kingsway Financial Services Inc. (KFS) on Thursday reported a fourth-quarter loss of $2.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had a loss of 12 cents.

The merchant bank posted revenue of $38.2 million in the period.

For the year, the company reported net income of $1.1 million, or 4 cents per share, swinging to a profit in the period. Revenue was reported as $160 million.

In the final minutes of trading on Thursday, the company’s shares hit $4.47. A year ago, they were trading at $5.85.

_____

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

_____

Keywords: Kingsway Financial, Earnings Report