Kingsway Financial: Q2 Earnings Snapshot sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
COVID-19, as expected, affected the overall performance of Chicago’s largest publicly traded companies in 2020.
On average, the 136 companies on the list saw revenue fall by 1.9 percent in 2020. By comparison, the companies on last year’s list saw revenue rise by an average of 5.7 percent in 2019.
Likewise, employment at companies on the list fell by 4.1 percent during 2020, compared to a 2.1 percent increase on last year’s list.
Predictably, the two companies that saw the largest revenue declines are in travel and hospitality United Airlines fell from No. 6 to No. 17 with a 64.5 percent revenue decrease, and Hyatt Hotels dropped from No. 42 to No. 64 with a 58.8 percent decrease.
Kingsway Financial: Q1 Earnings Snapshot
by The Associated Press
Last Updated May 12, 2021 at 8:28 am EDT
ITASCA, Ill. (AP) Kingsway Financial Services Inc. (KFS) on Wednesday reported first-quarter net income of $640,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Itasca, Illinois-based company said it had profit of 2 cents. Earnings, adjusted for non-recurring costs, were 18 cents per share.
The merchant bank posted revenue of $22 million in the period.
Kingsway Financial shares have increased slightly more than 7% since the beginning of the year. The stock has nearly tripled 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
Kingsway Reports Fourth Quarter and Full Year 2020 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.