Dominion Lending Centres Second Quarter 2024 Earnings: EPS: CA$0.08 (vs CA$0.066 loss in 2Q 2023)

Dominion Lending Centres (TSE:DLCG) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$18.8m (up 21% from 2Q 2023).
• Net income: CA$4.09m (up from CA$3.16m loss in 2Q 2023).
• Profit margin: 22% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses.
• EPS: CA$0.08 (up from CA$0.066 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dominion Lending Centres Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Canada.

Performance of the Canadian Diversified Financial industry.

The company's shares are up 9.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Dominion Lending Centres (1 shouldn't be ignored!) that we have uncovered.

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