Findev Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 12:47 pm EDT
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Findev Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was CAD 0.535387 million compared to CAD 0.474201 million a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to CAD 0.02 a year ago. Diluted earnings per share from continuing operations was CAD 0.02 compared to CAD 0.02 a year ago.
For the six months, net income was CAD 1.07 million compared to CAD 1.01 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to CAD 0.04 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to CAD 0.04 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.