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Western Financial Group announces first quarter financial results

HIGH RIVER, AB, May 11 /CNW/ - (TSX-WES, WES.DB.A) - Western Financial Group ("the Company") today announced its operating and financial results for the three months ended March 31, 2006. For the quarter, revenue increased 37.4% to $16.7 million from $12.2 million compared to the same period in 2005 and net income increased 8%. Earnings per share amounted to $0.04 per share, the same as in the first quarter of 2005.

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