MFC Industrial Ltd. (MIL) Reports Q3 Earnings of $0.11; Hires New Auditor

MFC Industrial Ltd. (NYSE: MIL) reported Q3 EPS of $0.11, versus $0.15 reported last year. Revenue for the quarter came in at $113.73 million, versus $17.62 million reported last year.

The Company has appointed Deloitte & Touche LLP ("Deloitte"), as its new auditors. Deloitte works in nearly 150 countries, the member firms of Deloitte deliver audit, tax, consulting and financial advisory services worldwide, serving more than one-half of the world's largest companies.

The Company's former auditors, a member of Nexia International, Davidson & Company LLP, have resigned voluntarily and there were no disagreements between the Company and the former auditors on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures.

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