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Kingsway Financial reports 1Q loss

TORONTO (AP) _ Kingsway Financial Services Inc. (KFS) on Wednesday reported a loss of $1.6 million in its first quarter.

On a per-share basis, the Toronto-based company said it had a loss of 8 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were 2 cents per share.

The merchant bank posted revenue of $46.7 million in the period.

Kingsway Financial shares have declined nearly 9 percent since the beginning of the year. The stock has climbed 26 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KFS at https://www.zacks.com/ap/KFS

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Keywords: Kingsway Financial, Earnings Report