Vancouver-based Quest Capital Corp. (TSX:QC) has reported net earnings for the quarter ending March 31 of $7.1 million compared with $7.4 million in the same quarter last year.
Quest divested itself of its investment, corporate finance and management activities in 2007's last quarter to get tax status in 2008 as a mortgage investment corporation. According to the company, that change also accounted for its earnings drop.
Quest loans increased to $327 million for 2008's first quarter compared with $277.7 million in 2007's first quarter.
Quest's share price range during the past week: between $2.06 and $2.10; 52-week high: $3.25; 52-week low: $1.