Findev Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 10:17 am
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Findev Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was CAD 0.424204 million compared to CAD 0.525343 million a year ago. Basic earnings per share from continuing operations was CAD 0.015 compared to CAD 0.018 a year ago. Diluted earnings per share from continuing operations was CAD 0.015 compared to CAD 0.018 a year ago.
For the nine months, net income was CAD 1.5 million compared to CAD 1.54 million a year ago. Basic earnings per share from continuing operations was CAD 0.052 compared to CAD 0.054 a year ago. Diluted earnings per share from continuing operations was CAD 0.052 compared to CAD 0.054 a year ago.
Findev Inc. is a Canada-based is real estate financing company, which lends money to real estate projects. The Company focuses on lending to residential and retail development projects within the Greater Toronto Area (GTA). The Companyâs investment portfolio on real estate projects includes condominiums, purpose-built rentals, townhouses, low-rise/subdivisions, and retail developments.