Information  X 
Enter a valid email address

Quest Capital (QCC)

  Print      Mail a friend

Thursday 02 November, 2006

Quest Capital

3rd Quarter Results



FOR:  QUEST CAPITAL CORP.

TSX SYMBOL:  QC
AMEX, AIM SYMBOL:  QCC

November 2, 2006

Quest Reports Its Financial Results for the Third Quarter 2006 and Announces an Increase in Its
Dividend Rate

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 2, 2006) - Quest Capital Corp. ('Quest' or the
'Company') (TSX:QC)(AMEX:QCC)(AIM:QCC), announces its unaudited consolidated interim financial results
for the nine months ended September 30, 2006 (a copy of which is also available on SEDAR at
www.sedar.com).

HIGHLIGHTS

- Net earnings of $8.8 million ($0.06 per share) for the three months ended September 30, 2006 and
$27.7 million ($0.20 per share) for the nine months ended September 30, 2006, as compared to net
earnings of $4.3 million ($0.04 per share) and $12.2 million ($0.13 per share), respectively, for the
comparative periods in 2005;

- Total loans arranged during the nine months ended September 30, 2006 totaled $205.1 million, of
which the Company funded $184.9 million;

- Loan portfolio increased 98% during the nine months ended September 30, 2006 to $246.6 million, as
compared to $124.6 million as at December 31, 2005;

Managing Director, A. Murray Sinclair commented: "The growth of our loan portfolio by $55 million
(29%) in the third quarter and $122 million (98%) in the first nine months of the year is evidence
that our business model is being successfully implemented."

As a reflection of the continued growth in our business, the Company is pleased to announce that on
November 1, 2006 its board of directors approved an increase in its dividend rate from $0.06 per year
to $0.08 per year. This new dividend will be paid quarterly, at the rate of $0.02 per share. The
Company is also pleased to announce that the board of directors has also declared its first quarterly
dividend to be paid on November 30, 2006 to shareholders of record at the close the business on
November 15, 2006.

About Quest

Quest Capital Corp. is a merchant bank that focuses on providing financial services, specifically
mortgages and bridge loans. Quest's primary expertise is providing asset backed loans to companies in
real estate, manufacturing and resource sectors. Quest complements its lending business by providing
corporate finance services through its wholly owned subsidiary, Quest Securities Corporation.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are forward-looking statements
that involve various risks and uncertainty affecting the business of Quest. Actual results realized
may vary materially from the information provided in this release. As a result, there is no
representation by Quest that actual results realized in the future will be the same in whole or in
part as those presented herein.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Quest Capital Corp.
A. Murray Sinclair
Managing Director
(604) 689-1428 or Toll Free: 1-800-318-3094

OR

Quest Capital Corp.
Mark Monaghan
Vice President
(416) 367-8383
Website: www.questcapcorp.com

-0-

Quest Capital Corp.