Debt purchaser and loan servicer FirstCity Financial Corp. reported financial results for the fourth quarter of 2006 and the first quarter of 2007 after a delay in reporting during an independent investigation.
The earnings were marked by a loss in first quarter of this year of $914,699, down from the $2.02 million the company earned in the first quarter of 2006. FirstCity (NASDAQ: FCFC) posted a profit of $1.55 million in the fourth quarter of 2006, down from the $1.95 million earned in the fourth quarter of 2005.
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