Business
Accord Announces Second Quarter and First Half Earnings, Declares a 7% Increase in Quarterly Dividend and Resolves to Renew Normal Course Issuer Bid
TORONTO, July 24, 2012 /CNW/ - Accord Financial Corp. (TSX - ACD), a leading North American...
About this update from Accord Financial Corp.
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, July 24, 2012 /CNW/ - Accord Financial Corp. (TSX - ACD), a\n leading North American provider of factoring and other asset-based\n financial services to businesses, today released its interim unaudited\n consolidated financial results for the three and six months ended June\n 30, 2012.  The financial results presented in this release are reported\n in Canadian dollars and have been prepared in accordance with\n International Financial Reporting Standards.\n\n\n\n\n\n \n\n\n\nSUMMARY OF FINANCIAL RESULTS\n\n\n\n\n                                                                       \n\n\nThree Months Ended June 30\n\n\nSix Months Ended June 30\n\n\n \n\n\n2012\n\n\n2011\n\n\n2012\n\n\n  2011\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nFactoring volume (millions)\n\n\n$\n\n\n443 \n\n\n$\n\n\n455 \n\n\n$\n\n\n880\n\n\n$\n\n\n937\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nRevenue \n\n\n$\n\n\n6,322,501\n\n\n$\n\n\n6,828,201\n\n\n$\n\n\n12,002,125\n\n\n$\n\n\n13,695,478\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nNet earnings\n\n\n$\n\n\n1,243,038\n\n\n$\n\n\n 1,393,639\n\n\n$\n\n\n2,126,254\n\n\n$\n\n\n 2,992,107\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nBasic and diluted earnings\n\n\n$\n\n\n0.15\n\n\n$\n\n\n0.16\n\n\n$\n\n\n0.25\n\n\n$\n\n\n0.33\n\n\n \n\n\nper common share\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nBasic and diluted weighted\n\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n\naverage  number of shares\n\n\n \n\n\n 8,515,898\n\n\n \n\n\n 8,948,580\n\n\n \n\n\n 8,525,571\n\n\n \n\n\n
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