Chesswood posted its third consecutive year of record earnings before taxes in 2012. These earnings reflect new milestones in portfolio size for the company’s largest business, Pawnee Leasing.

Chesswood said its pretax income increased by 27% to C$16.6 million in 2012. Its net income was C$8.9 million, compared to C$6.5million at year-end 2011.

“We’re very proud to have achieved record profitability once again, driven primarily by another year of growth in our financial services businesses” said Barry Shafran, the company’s president and CEO. “Pawnee Leasing and Case Funding each posted strong gains in their results over last year, while our Canadian automotive business had another year of steady earnings” added Shafran.