Net earnings for the twelve months ended December 31, 2012 aggregated $13.4 million, an increase of 41.5% from net earnings of $9.4 million in the same period in the previous year. Basic and diluted earnings per common share were $0.86 per common share for the twelve months ended December 31, 2012, compared with $0.88 per common share in the same period the previous year, which is a decrease of 2.3%. The slight reduction in earnings was attributable to a decline in the average mortgage rate and the increased operating costs associated with being a public company.During the twelve-month period ended December 31, 2012, Atrium funded mortgages aggregating $129.1 million. Of these new loans, $100.4 million were first mortgages, representing 77.8% of the new loan originations. All but $12.1 million of these new loans were made in the major urban centres which we have targeted in Ontario and western Canada. There were $84.5 million of repayments during the period.
Atrium Mortgage Investment Corporation Announces Special Dividend And Its Annual Results For 2012
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