HOMEQ Corp. (HEQ.TO) reported first-quarter net income of C$0.6 million or $C0.04 per share, compared to a net loss of C$0.8 million or C$0.06 per share in the same period last year.
Excluding items, adjusted net income for the quarter was C$1.9 million or C$0.13 per share, compared to C$0.6 million or C$0.04 per share a year ago.
The company noted that originations decreased 6 percent to C$45 million, while the mortgage protfolio increased 16 percent to C$1.2 billion for the quarter
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