TORONTO, Aug. 3, 2022 /CNW/ – Accord Financial Corp. (TSX: ACD) today released its financial results for the three and six months ended June 30, 2022. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.
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SUMMARY OF FINANCIAL RESULTS |
Three Months Ended June 30 |
Six Months Ended June 30 |
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|
2022 |
2021 |
2022 |
2021 |
|
|
$ |
$ |
$ |
$ |
|
|
Average funds employed (millions) |
454 |
376 |
456 |
367 |
|
Revenue (000’s) |
16,490 |
15,416 |
32,668 |
28,897 |
|
Pre-provision operating income (000’s) |
3,490 |
4,237 |
7,197 |
6,274 |
|
Provision for credit and loan losses |
4,008 |
220 |
4,101 |
(677) |
|
(Loss) earnings before income tax (000’s) |
(518) |
4,017 |
3,096 |
6,951 |
|
Net earnings attributable to shareholders (000’s) |
122 |
3,085 |
3,260 |
5,670 |
|
Earnings per common share (basic and diluted) |
0.01 |
0.36 |
0.38 … | |
