Business Services Industry
Morgan Financial Corporation Announces Earnings For The Quarter Ending March 31, 1995
Business Wire, May 18, 1995
TORONTO--(BUSINESS WIRE)--May 18, 1995--MORGAN FINANCIAL CORP. (TSE: MFT) Morgan Financial Corporation announced that, for the quarter ending March 31, 1995, net earnings were $1,351,000 compared to $1,273,000 in the same period in 1994. Earnings from insurance operations for the three months ended March 31, 1995, were $2,179,000 compared to $1,512,000 in the corresponding period of 1994.
On April 21, 1995, the company announced that it had completed a transaction to extend the maturity date of its guarantee liability from April 21, 1995 to July 17, 1996. Morgan's guarantee liability was $63,035,000 at March 31, 1995, up from $62,208,000 at December 31, 1994. -0-
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