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Kingsway Financial reports 4Q loss

TORONTO (AP) _ Kingsway Financial Services Inc. (KFS) on Tuesday reported a fourth-quarter loss of $444,000, after reporting a profit in the same period a year earlier.

The Toronto-based company said it had a loss of 20 cents per share. Losses, adjusted for pretax gains, were $1 per share.

The merchant bank posted revenue of $49.5 million in the period.

For the year, the company reported a loss of $11.1 million, or 73 cents per share, swinging to a loss in the period. Revenue was reported as $193.2 million.

Kingsway Financial shares have risen 13 percent since the beginning of the year. The stock has decreased slightly more than 7 percent in the last 12 months.


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