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FY2017 Annual Report: Canadian Life Companies Split Class A Preference profits hit by 54% fall Corporate Wire Date: 20 November 2018 02:35 EST

Nov 20, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

Canadian Life Companies Split Class A Preference (TSX:LFE.PR.A) reported net profit for the year-ended 30 November 2017 of CAD6.7m ($US5.2m), down 54% from CAD14.7m ($US10.9m) in the previous year.

Highlights

- Working capital to total assets of 34.2%

- Net tangible assets per share of CAD5.51 ($US4)

- Current ratio of 1.5

- Total liabilities to Total assets of 0.7

- Total Liabilities to Operating Cash Flow of 4.5: this compares unfavour...