Terra Firma Capital Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $1,693,311 against $1,015,919 a year ago. Income before income taxes was $341,121 against $344,569 a year ago. Net income and comprehensive income was $265,345 against $253,217 a year ago. Basic and diluted earnings per share were $0.01 against $0.01 a year ago.

Terra Firma Capital Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported income from continuing operations of CAD 728,689, an increase of CAD 422,544 or 138% compared to CAD 306,145 for the same period in previous year. Net income was CAD 496,376, an increase of CAD 188,303 or 61% from net income of CAD 308,073 in the same period in the previous year. Total revenues were CAD 2,093,058 against CAD 805,188 a year ago. Income from continuing operations before income taxes was CAD 978,134 against CAD 416,355 a year ago. Basic and diluted earnings per share were CAD 0.01 against CAD 0.01 a year ago. For the year, the company reported income from continuing operations of CAD 1,484,293 increased by 209% to CAD 1.5 million, or CAD 0.05 per basic and diluted share, from CAD 480,164, or CAD 0.03 per basic and diluted share in the previous year. Net income for the year ended December 31, 2012 was CAD 1.3 million, an increase of CAD 964,658 or 336% compared to previous year. Total revenues were CAD 5,500,623 against CAD 1,526,319 a year ago. The significant growth in revenues and income from continuing operations for the year ended December 31, 2012 as compared to the year earlier periods was primarily due to increase in loan and mortgage investments originations. Income from continuing operations before income taxes was CAD 2,046,613 against CAD 677,374 a year ago. Basic and diluted earnings per share were CAD 0.04 against CAD 0.02 a year ago.

Mr. Y. Dov Meyer, CEO and President of Terra Firma Capital Corporation announced the appointment of Mano Thiyagarajah, MBA, CGA, CPA (Delaware) as Chief Financial Officer and Corporate Secretary effective February 1, 2013. Mr. Thiyagarajah replaces Howard Wortzman and Marisa Christenson who are resigning as CFO and Secretary, respectively. Mr. Thiyagarajah has extensive experience as a vice president finance and controller of several major public real estate and asset management companies in Canada and the United States such as Transglobe Apartment REIT and O&Y REIT and has been involved in all aspects of accounting, financial reporting, finance and administration. In accordance with the policies of the TSXV, Mr. Thiyagarajah's appointment is subject to the TSXV's review and approval.