MORGAN FINANCIAL CORPORATION - ANNOUNCES EARNINGS.TORONTO, ONTARIO AND CALGARY, ALBERTA--(BUSINESS WIRE)-- FEBRUARY 22, 1995--MORGAN FINANCIAL CORP. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MFT (1) (Master File Table) A list of files in an NTFS volume. It contains the name, size, time and date, etc. for each file. See NTFS and FAT. (2) (Managed File T ) Morgan Financial Corporation announced that, for the year ended December 31, 1994, net earnings were $5,475,000 compared to $4,874,000 in 1993. The increase is attributable to a strong continued performance in the year from Morgan's life insurance subsidiary, Westbury Canadian Life Insurance Company. Morgan also reported that it has reached agreement in principle with other interested parties to extend the distress preferred share financing of MECI MECI Mission Essential Contingency Item MECI Mono-Excited Configuration Interaction MECI Mark Edelstein Consulting Incorporated (Buffalo Grove, Illinois) Properties Inc. from April 21, 1995 to July 18, 1996. Finalization Writing the table of contents (TOC) on a recordable CD or DVD disc. The finalization process ensures that the disc can be played back on most CD and DVD players. See disc-at-once. of the extension is dependent on all necessary approvals and rulings and completion of documentation. Morgan has guaranteed repayment of certain MECI indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. . At December 31, 1994, Morgan's guarantee liability was $62,208,000 (1993 - $61,427,000). Notwithstanding the extension, repayment of the MECI debt remains on a demand basis. -0- Financial Results for the 12 Months Ended December 31, 1994
Amount (in $000's except per share)
1994 1993
Revenue 84,663 88,762 Net Earnings 5,475 4,874 Earnings per share 0.035 0.031 CONTACT: J. Rob Collins Chairman and Chief Executive Officer (416) 863-2519 INDUSTRY KEYWORD: INSURANCE EARNINGS REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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