Accord Financial Faces Increased Q2 Losses Despite Revenue Rise

Accord Financial (TSE:ACD) has released an update.

Accord Financial Corp. experienced a challenging second quarter in 2024, reporting a net loss of $1.1 million compared to the previous year’s $263,000 loss, despite higher revenues of $20 million. The company faced increased expenses, including interest and credit loss provisions, which contributed to the operating loss, while managing to maintain a positive adjusted earnings year-to-date.

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