Xceed Mortgage Q4 profit rises 60.8% to $2.6M - 2005-01-14
Xceed Mortgage Corp., which makes available mortgages to customers who may not meet the criteria of banks and other lenders, has posted a 60 per cent profit increase in its fourth quarter.
Xceed's net income surged 60.8 per cent in the quarter to $2.6 million, or nine cents per share, up from $1.6 million the year before. Annual profit was $10.4 million, or 46 cents per share, up from $5.7 million, or 34 cents per share, in 2003.
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