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Kingsway Financial: Q1 Earnings Snapshot

·1 min read

ITASCA, Ill. (AP) _ Kingsway Financial Services Inc. (KFS) on Wednesday reported first-quarter net income of $640,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Itasca, Illinois-based company said it had profit of 2 cents. Earnings, adjusted for non-recurring costs, were 18 cents per share.

The merchant bank posted revenue of $22 million in the period.

Kingsway Financial shares have increased slightly more than 7% since the beginning of the year. The stock has nearly tripled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KFS at https://www.zacks.com/ap/KFS

The Associated Press