First Calgary Financial profits increase 40% in 2012

CALGARY — First Calgary Financial has recorded its best result in its 76-year history with profits increasing by 40 per cent in 2012.

In the fiscal year which ended October 31, loans grew by $144.5 million, or 5.97 per cent, and deposits grew by $227.5 million, or 8.93 per cent. Adjusted net earnings from operations, before taxes, reached $15.4 million compared with $10.9 million in 2011.

Read more: