TORONTO (Reuters) - Element Financial Corp (EFN.TO), a Canadian equipment financing company, said on Thursday it narrowed its fourth-quarter loss as higher finance receivables more than made up for a jump in transaction costs.
Toronto-based Element posted a net loss of C$0.3 million ($271,000), or nil per share, in the quarter. That compared with a year-earlier loss of C$3.4 million, or 4 Canadian cents a share.
Finance receivables more than doubled to C$3.01 billion from C$1.32 billion a year earlier.
($1 = 1.1069 Canadian dollars)
Reporting by Cameron French; Editing by Marguerita Choy