Chesswood Group Ltd. (TSE:CHW) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Chesswood Group Limited reported a challenging fiscal year for 2023, with a notable decrease in total originations to $1.2 billion, a 31.4% drop due to stricter credit standards and higher loan pricing. Despite economic headwinds leading to a consolidated net loss of $32.8 million, the company generated $3.8 million in free cash flow and formed a significant joint venture with Wafra Inc. to enhance equipment lease and loan investments. Chesswood’s strategic review initiated by its board aims to maximize shareholder value, with RBC advising the process.
For further insights into TSE:CHW stock, check out TipRanks’ Stock Analysis page.
