04:33 PM EDT, 05/09/2025 (MT Newswires) -- Clarke (CKI.TO), after trade Friday, said it swung to a first-quarter loss while its hotel and rental revenue rose year-over-year.

The company lost $2.4 million, or $0.17 per share, in the period, compared with earnings of $2.4 million, or $0.17, a year ago. The company said the recent quarter's loss was mainly due to pension expenses from changes to the pension plan, although this was partly offset by profits from Clarke's hospitality and residential businesses.

Hotel and rental revenue for the quarter rose to $17.7 million from $14.6 million a year ago. The company said this revenue increased mainly due to its Talisman residential development on Carling Avenue in Ottawa.

The company added that all director nominees listed in its April 10 Management Information Circular were elected to the board at the annual general meeting of shareholders held on Friday in Halifax, Nova Scotia.