Findev Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 05:33 pm EST
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Findev Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was CAD 0.525343 million compared to CAD 0.610026 million a year ago. Basic earnings per share from continuing operations was CAD 0.018 compared to CAD 0.021 a year ago. Diluted earnings per share from continuing operations was CAD 0.018 compared to CAD 0.021 a year ago.
For the nine months, net income was CAD 1.54 million compared to CAD 1.74 million a year ago. Basic earnings per share from continuing operations was CAD 0.05 compared to CAD 0.06 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.