News

Kingsway Financial posts loss of $1.6 million in first quarter

TORONTO – TORONTO (AP) _ Kingsway Financial Services Inc. (KFS) on Friday reported a first-quarter loss of $1.6 million, after reporting a profit in the same period a year earlier.

The Toronto-based company said it had a loss of 8 cents per share.

The merchant bank posted revenue of $36.9 million in the period.

The company’s shares closed at $4.65. A year ago, they were trading at $5.59.

_____

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