07:01 AM EDT, 06/13/2025 (MT Newswires) -- Wall Financial ( WFICF ) , which fell 4.5% on Thursday, overnight reported an increase in its net earnings for the first quarter.

The company reported net earnings for the three months ended April 30 of $5.7 million, $0.18 per share, compared with $3.4 million, or $0.10 per share, a year earlier. It added that net earnings from rental apartment operations increased due to the recovery of accrued costs related to the sale of an investment property and lower interest expense. Earnings from its hotels rose due to lower operating costs.

Revenue increased to $43.8 million in Q1, compared with $36.2 million, a year-ago. Wall Financial ( WFICF ) added that revenues and earnings from its development operations rose due to the closing of condominium units and one land lot sale in the current period.

Shares of the company closed down $0.69 to $14.50 on Thursday on the Toronto Stock Exchange.