Mr. Brent Houlden reports
DEALNET ANNOUNCES SECOND CONSECUTIVE QUARTER OF 35% ORIGINATION GROWTH
DealNet Capital Corp.'s organic originations of financial contracts for the quarter ended June 30, 2019, were $12.9-million (second quarter 2018: $9.5-million and first quarter 2019: $12.5-million). This represents an increase of 35 per cent over the second quarter of 2018 and 3 per cent above the previous quarter. The originations are of a higher credit quality and will generate a higher weighted-average yield than the prior year.
About DealNet Capital Corp.
DealNet is a specialty finance company, serving the $20-billion Canadian home improvement finance market. The company develops and supports consumer sales financing programs for approved dealers and distributors under agreements with original equipment manufacturers (OEMs) that supply a wide range of home improvement products to the retail market.
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