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Investor Relations

Quarterly Results

Concentra Bank (Concentra) posted consistent first quarter financial results, as reported to shareholders on June 14, 2018 via the company’s Q1 Investor Relations update.

Also reported, the Concentra Board of Directors declared a first quarter cash dividend of $0.139539 per common share, representing a $1.34 million total quarterly payment to common shareholders.

Concentra’s financial performance was highlighted in the Q1 year-to-date results with Concentra recording a net income of $10.7 million, up from $8.5 million in 2017; and generating a return on equity of 11.1%, an increase from the 9.1% reported in the year prior. Concentra adopted IFRS 9 effective, January 1, 2018 resulting in a transitional adjustment of a $9.4 million reduction to opening retained earnings. The Q1 results are reported in accordance with IFRS 9.

 

2018
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