India, May 29 -- Laurentian Bank of Canada (LB.TO), posted a loss in the second quarter on Friday, reversing a year-ago profit, after revenue dropped.
For the second quarter, net loss was $20.59 million or $0.50 per share compared to an income of $32.33 million or $0.69 per share last year.
Quarterly revenue declined to $213.66 million from $242.52 million in the previous year.
On an adjusted basis, income was $22.64 million or $0.46 per share compared to $33.96 million or $0.73 per share a year earlier.
Revenue was $236.16 million compared to $242.52 million a year before.
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