Jaguar Financial Reports Results for Second Quarter of Fiscal 2012
TORONTO, Aug. 14, 2012 /CNW/ - Jaguar Financial Corporation ("Jaguar" or the "Company") today reported results for its second quarter ended June 30, 2012.
For the three months ended June 30, 2012, the Company reported a net loss of $1,845,070 compared to net income of $2,671,248 in the second quarter of 2011.
For the three months ended June 30, 2012, the Company generated a net loss on investments of $1,606,243 compared to a net gain on investments of $2,891,363 in the second quarter of 2011. The Company's investment portfolio is classified as held for trading and recorded on a fair value basis and will experience, at various times, unrealized gains or losses based on equity market conditions.
Jaguar had cash and investments at fair value of $5,229,824 as at June 30, 2012.
Jaguar is a Canadian merchant bank that invests in undervalued small capitalization companies in a variety of industry sectors.
The securities of Jaguar Financial Corporation are listed on the TSX under the symbol "JFC".
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under Jaguar's control which may cause actual results, performances or achievements of Jaguar to be materially different from those implied by such forward looking statements.
SOURCE: Jaguar Financial CorporationFor further information:
For additional information on this press release, please contact:
Vic Alboini, Chairman and Chief Executive Officer