Legion Capital Announces 2023 Six Month Results
ORLANDO, Fla., Sept. 13, 2023 (GLOBE NEWSWIRE) — Legion Capital Corporation (OTC: LGCP), is a business lender providing growth capital to small and medium sized companies and real estate developers. Legion provides bridge funding, acquisition finance, development, and growth capital in a highly customized and expeditious manner, addressing a large and growing segment of small business lending that is under-served by banks and institutions, announced its financial results for the six-month period ended June 30, 2023. The Company posted a net operating profit (before Preferred Stock dividends) of $684,519 for the six-month period, compared to an operating loss of $244,497 for the same period a year ago. Revenue rose 83% to approximately $3.88 million compared to $2.37 million for the same period prior year. It is important to note that mid-year results are not audited or reviewed by the Company’s independent auditor.