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Montfort Capital Reports Q1 Financial Dip
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Montfort Capital Reports Q1 Financial Dip

TIMIA Capital (TSE:MONT) has released an update.

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Montfort Capital Corporation reported a decline in total revenue to $12.0 million and a net loss of $2.2 million for Q1 2024, attributed to decreases in both portfolio size and fee-generating activities. Despite a year-over-year reduction in expenses, the company’s financial performance fell slightly compared to the previous year. CEO Ken Thomson remains hopeful for improvement in the mortgage lending sector with expected favorable market conditions.

For further insights into TSE:MONT stock, check out TipRanks’ Stock Analysis page.

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