CALGARY — First Calgary Financial has recorded its 79th consecutive profitable quarter.
The financial institution has announced that unaudited adjusted net income from operations before taxes was $7.1 million in its second quarter that ended April 30. This compares with $8.98 million last year.
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Council members were presented with Airdrie’s 2012 Annual Report at a their meeting last Monday, and it’s findings were positive.
“Our results for 2012, as reported in our financial statements, indicate that the city is in good financial health,” said Lucy Wiwcharuk, director of corporate services for the city.
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There’s good news from City Hall: a budget surplus.
While many levels of government are having trouble balancing their accounts, city treasurer Corey Wight is reporting a $5.2 million unaudited surplus for 2012.
Delays in some purchases or projects are the reason for part of that surplus, he told city council Monday. But extra cash in some other accounts will go to the city’s Municipal Revenue Stabilization Fund, a kind of rainy-day fund that can cover unexpected costs.
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Servus Credit Union is reporting a 40 per cent jump in operating income for 2012, with strong loan and deposit growth contributing to the gain.
The financial institution announced in November that it would be distributing $45.8 million to members through its profit-sharing program, but did not release detailed results from its 2012 fiscal year, ended Oct. 31.
Read more: http://tinyurl.com/aht5pb6
CALGARY — First Calgary Financial has recorded its 78th consecutive profitable quarter.
For the first three months ending January 31, First Calgary Financial said unaudited adjusted net income from operations before taxes was $3.76 million, down from $4.93 million for the first three months of fiscal 2012.
Read more: http://tinyurl.com/c244mxf