Legion Capital (OTC: LGCP) announced its financial results for fiscal year 2023, ending December 31, 2023. The company, which provides growth capital to real estate developers, reported a 29% increase in revenue, reaching $8.9 million compared to $6.9 million in 2022.
Operating profit surged by 243%, climbing to $3.7 million from $1.1 million in the previous year. Shareholder equity also saw a rise, growing by 26% from $14.3 million in 2022 to $18.1 million in 2023.
CEO Paul Carrazzone expressed satisfaction with the company's operational growth and affirmed Legion Capital's position for continued growth in its core business.
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Legion Capital Corporation (OTC: LGCP) reported strong mid-year financial results for the six months ending June 30, 2022, achieving a net profit of $333,201, a significant increase from last year's $13,390. Revenue surged 42.8% to approximately $2.37 million, up from $1.66 million. The company's assets grew by 24.6% to $56.988 million, and shareholder equity increased to over $17.04 million. These results underscore Legion’s growth in specialized lending services, although it is noted that the mid-year results are unaudited.
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