Kingsway Financial chalks up record profit

Article Abstract:

Kingsway Financial Services Inc, a Toronto, Ontario-based high-risk auto insurer, reported a record income of C$31 million for 1998, up 40% from the previous year. Despite an almost 20% increase in the number of shares outstanding, share profit rose 18% to C$0.86 a share in 1998 from a year ago. Revenue grew from C$196.3 million to C$352.2 million in 1998, while assets increased to a little more than C$1 billion from C$511.2 million.

Canada, Sales, profits & dividends, Direct Property and Casualty Insurance Carriers, Auto Insurance, Kingsway Financial Services Inc.

---

Mobile phone makers unite on standards

Article Abstract:

New standards for mobile telephone manufacturers have been adopted by the world's leading companies, including Motorola Inc., Nokia Corp. and L. M. Ericsson A/S. Industry analysts estimate that there will be about 1 billion mobile phone users and 600 million mobile Internet users in the world by 2004.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Product standards, safety, & recalls, Communications Equipment, Communications Equipment Manufacturing, Radio & TV communications equipment, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, World, Data Communications Equip, Mobile Telephones ex Cellular, Standards, Computer network equipment industry, Network hardware industry, Wireless telephones, Telecommunications equipment industry, Telecommunications equipment, LM Ericsson A/S, Nokia Corp., NOK, Data communications equipment, Motorola Inc., MOT

---

Similar abstracts:

• Abstracts: Analysts eye Nortel loans. Nortel tops U.K. survey of global firms
• Abstracts: High-stakes appeal could be last court date for Microsoft. Microsoft, U.S. eye settlement
• Abstracts: Cabinet upholds CRTC decision on satellite TV services. Common currency floated again
• Abstracts: CIT deal gives newcourt 9 directors. TD merger clears critical hurdle
• Abstracts: Alof's fever for dot-com cools. Bid.Com chairman resigns. Want to call hell home? Bidding starts at $8-million

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.