MCAN Mortgage Q3 Profit Falls to C$19.19 Million Despite 7.1% Revenue Growth

MCAN Mortgage Corp. (MKP.TO) reported third-quarter earnings of C$19.19 million, or C$0.47 per share, down from C$20.51 million, or C$0.52 per share, a year earlier. Revenue for the period rose 7.1% to C$90.99 million from C$84.93 million last year. The GAAP results reflect lower bottom-line profitability even as the company's top line expanded.