Powered by

FY2017 Annual Report: Intact Financial Corporation Net Profit up 46.4% Corporate Wire Date: 20 November 2018 03:35 EST

Nov 20, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

Intact Financial Corporation (TSX:IFC.PR.D) reported net profit for the year-ended 31 December 2017 of CAD792m ($US630m), up 46.4% from CAD541m ($US403m) in the previous year.

Major changes compared with previous year:

Favourable Changes:

- Total non-current assets to Total Assets up from 22.6% to 27%

- Interest cover up 18.6% from 10.5 to 12.5- Profit before tax to Sales up from 8.1% to 10.4%

- EBIT to total assets up from 3.3% to 3.7%

...