Halifax Shares Dip After Outlook Postings

July 31, 2000

Halifax shares fell 20 points Friday after posting second quarter results, which fell below industry expectations. Chief executive James Crosby delivered the news Friday, saying pre-tax profits for the first half ending June 30 rose only 8 percent, while the interim dividend rose one point to 8.5.

The retail net interest margin dropped slightly from 2.27 percent to 2.21 percent, helping to double net lending for the first half.

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