Propel Holdings Shares Move Up as TSX Reaches High, Credit Risks Remain Watched
Propel Holdings shares rose 3.5% to C$21.67 in Toronto afternoon trading Monday, extending a five-day rally after Q1 revenue climbed to $166.1 million. Net income fell to $20.7 million from $23.5 million a year earlier. The board raised its annualized dividend to C$0.96 per share. Propel’s loan loss provisions dropped to 45% of revenue, down from 56% in Q4.