Wall Financial earns $7.23-million in Q3 fiscal 2023
2022-12-14 00:14 ET - News Release
An anonymous director reports
WALL FINANCIAL CORPORATION ANNOUNCES Q3 FISCAL 2023 RESULTS
Wall Financial Corp. has released its operating results and financial statements for the nine months ended Oct. 31, 2022. The company recorded net earnings and comprehensive income attributable to shareholders of the company for the nine months ended Oct. 31, 2022, of $46,546,834 or $1.43 per share compared with $13,884,974 or 42 cents per share in the prior period. This increase in net earnings compared with the prior period was primarily due to the sale of an investment property and improved operations at the company's hotels.
Revenue and income from the rental apartment operations remain stable, and revenues from the development operations decreased from the prior period due to the closing of 120 condominium units in the prior period.