Street Capital Group Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2018
Street Capital Group Inc. announced consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company’s total revenue (net of acquisition costs) was $11,593,000 compared to $11,572,000 a year ago. Net loss was $1,365,000 or $0.01 per diluted share compared to $2,574,000 or $0.02 per diluted share a year ago. Adjusted net loss was $1,481,000 or $0.01 per share compared to adjusted net income of $69,000 or $0.00 per share a year ago. Return on equity was negative 4.0% compared to negative return on equity of 7.7% a year ago. Adjusted return on equity was in negative was 4.3%% compared to adjusted return on equity of 0.2% a year ago. Return on tangible equity was negative 4.5% compared to return on negative tangible equity of 9.3% a year ago. Adjusted return on tangible equity in negative was $4.9% compared to adjusted return on tangible equity of $0.7% a year ago. Book value per share was $1.12 compared to $1.09 a year ago.