Terra Firma Capital Corporation reported audited earnings results for the year ended December 31, 2011. For the period, the company announced that net income increased 161% to CAD 287,000, or CAD 0.02 per basic and diluted share, from CAD 110,000, or CAD 0.01 per basic and diluted share, in the comparative period of 2010. Income from continuing operations grew to CAD 480,000, or CAD 0.03 per basic and diluted share, in 2011 from CAD 12,000, or CAD 0.00 per basic and diluted share, in 2010. Revenues grew 986% to CAD 1,621,000 in 2011 from CAD 149,000 in 2010. The substantial growth in Terra Firma's revenues and net income in 2011 was primarily as a result of nine new mortgage and loan investments originated and funded during the year. Income before income tax was CAD 677,374 against loss before income tax of CAD 33,536 a year ago. The company believes that it will continue to grow its revenue and earnings in 2012.