Nine months ended | ||||||
(in thousands) | ||||||
Revenue | $ | 6,765 | $ | 9,828 | ||
Net income | ||||||
- total | 3,417 | 4,138 | ||||
- for common shareholders | 2,444 | 3,697 | ||||
Net income per share for common shareholders | 2.09 | ¢ | 2.68 | ¢ | ||
Net income attributable to common shareholders in the third quarter of 2020 decreased to
The increase in the company’s earnings compared to the same period in 2019 is due principally to the additional capital invested in 2019 in forest properties, as well as participating loans receivables.
With respect to the impact of COVID-19, our businesses overall performed well in the first quarter, however our commercial properties are being impacted and we are working to mitigate the consequences.
The book value of each common share increased to 59¢ at
This news release includes certain forward-looking statements including management’s assessment of the Company’s future plans and operations based on current views and expectations. All statements other than statements of historic facts are forward looking statements. These statements contain substantial known and unknown risks and uncertainties, some of which are beyond the Company’s control. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements. Readers should not place undue reliance on these forward-looking statements which represent estimates and assumptions only as of the date on which such statements are made. The Company undertakes no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.
For additional information:
President
647-448-7147
Source:
2020 GlobeNewswire, Inc., source