India, April 24 -- FirstService Corporation (FSV,FSV.TO), a Canadian real estate services company, on Thursday reported a decline in net profit for the first quarter, reflecting an increase in costs and expenses. However, the company posted an increase in revenue.
For the three-month period to March 31, the firm reported a net income of $2.803 million, or $0.06 per share, less than $6.308 million, or $0.14 per share, posted for the same period last year.
Excluding items, earnings were $0.92 per share, higher than last year's $0.67 per share. On average, 7 analysts polled, had expected the firm to earn $0.83 per share, for the quarter. Analysts' estimates typically exclude special items.
Operating earnings stood at $39.3 million as agains...