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.
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