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Article: FirstCity Financial Announces Third Quarter 2002 Results.
- Article from:
- PR Newswire
- Article date:
- November 14, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FirstCity Financial Corporation today announced a loss from continuing operations for the quarter ended September 30, 2002 of $1.1 million, or $.21 per share. The net loss to common shareholders was $7.5 million, or $.89 per share on a diluted basis, after subtracting $5.7 million for a provision for impairment in the discontinued mortgage operations and accrued and unpaid dividends of $642,000 on the Company's preferred stock.
Components of the results for the three months and nine months ended September 30, 2002 and 2001, respectively, are detailed below:
Three Months Nine Months
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