LONDON (Thomson Financial) - Quest Capital Corp. reported a lower pretax
profit for the first quarter, mainly due to the cessation of investment,
corporate finance and management activities in 2008.
For the quarter ended March 31, its pretax profit fell to C$7.5 million from
C$9.3 million a year earlier, while net earnings also declined to C$7.1 million
from C$7.4 million.
Quest Capital said it ceased corporate finance and management activities in
the fourth quarter of 2007 to help attain tax status in 2008 as a mortgage
investment corporation.
The company also declared a quarterly dividend of C$0.045 per share, up 80
percent over C$0.025 paid on March 31, 2008.
TFN.newsdesk@thomson.com
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