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MCAN FINANCIAL GROUP RELEASES Q1 2025 RESULTS AND DECLARES 41 CENTS CASH DIVIDEND

Newswire.ca - Press Release

All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here

Steady quarter in uncertain economic environment

TORONTO, May 7, 2025 /CNW/ - MCAN Mortgage Corporation d/b/a MCAN Financial Group ("MCAN", the "Company" or "we") (TSX:MKP.TO) reported net income of $16.6 million ($0.43 earnings per share) for the first quarter of 2025, a decrease from net income of $23.2 million ($0.65 earnings per share) in the first quarter of 2024. Results for the first quarter of 2025 were mainly impacted by higher provisions for credit losses due to current economic forecasts and the geopolitical environment.

Read more at newswire.ca

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Related Symbols

Symbol Last Chg %Chg
MKP.TO 22.38 +0.10 +0.45%
Mcan Mortgage Corp

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