Boston, MA 08/15/2014 (wallstreetpr) – The U.S. based holding company, Security National Financial Corp (NASDAQ:SNFCA) unveiled its financial facts and figures of 2Q that ended June 30, 2014.
Financial Statistics Of The Second Quarter Of 2014:
For the three-month period, the company’s pretax earnings from the operations slipped down 6% to almost $4.2 million from $4.5 million in 2013. The after tax-earnings dropped 6% to approximately $2.6 million in 2014 from $2.8 million in 2013. The revenue gathered by Security National in 2Q was approximately $59.4 million.
The net profit from the ordinary shares was $0.22 for this quarter that ended in June 30, while a year ago the net gain was $0.24 per share.
Facts And Figures For Six-Month Period:
Security National Financial Corp (NASDAQ:SNFCA) in the 2Q2014 declared revenue of near about $104.5 million for the six-month period that ended June 30. The revenue generated in this period signifies a drop of 10% than the revenue generated in 2013.
Pre-Tax And After Tax Figures For The Six-Month Period:
The pre-tax earnings from the operation for the first half of 2014 decreased from $7.70 million in 2013 to almost $4.40 million. In fact, the after-tax earnings also reduced to almost $2.8 million in 2014, while the figure in 2013 was nearly $4.8 million.
CEO Says:
The Chief Executive Officer, Chairman of Board and President of Security National Financial Corp (NASDAQ:SNFCA), Scott Quist said that the company is pleased with the performance compared to the past quarter. Quist, in a statement, continued that the pre-tax earnings have improved double digits in Cemeteries and Mortuaries as well as triple-digit in life insurance. Even though the mortgage income is below than that of the previous year, yet it is commendable given the ambience of the industry.
The CEO further added that the company is indeed a small player in a national scale, but Quist believes that it can feel proud in its results in the quarter.
