Firstfund Reports 2014 Fourth Quarter Results
30 Apr, 2015, 18:00 ET
Trading Symbol: FFP
VANCOUVER, April 30, 2015 /CNW/ - Consolidated Firstfund Capital Corp. announces its 2014 results from operations based upon its audited consolidated financial statements for the year ended December 31, 2014.
The financial results of the Company for the three months ended December 31, 2014 show a net loss of $150,478 or $0.02 per share (2013 - $1,920 or $0.00 per share) on revenues of $70,350 (2013 - $64,847). No additional fee income, above and beyond the Company's monthly administration fees, was received in the fourth quarter of 2014. The Company's fee income increased to $69,644 for the three months ended December 31, 2014 (2013 - $64,490). The Company's results in the fourth quarter of 2014 were significantly impacted as the Company recorded a loss of $173,296 (2013 - $Nil) to recognize an other than temporary impairment of investments.
The financial results of the Company for the year ended December 31, 2014 show a net loss of $7,384 or $0.00 per share (2013 - $80,171 or $0.01 per share). The Company's fee income decreased to $271,140 for the year ended December 31, 2014 (2013 - $273,232).
The Company's audited consolidated financial statements and management's discussion and analysis for the years ended December 31, 2014 and 2013 are available on SEDAR at www.sedar.com.
On behalf of the Board of
CONSOLIDATED FIRSTFUND CAPITAL CORP.
"W. Douglas Grant" (signed)
W. Douglas Grant, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Consolidated Firstfund Capital Corp.
For further information: W. Douglas Grant, President & CEO at (604) 683-6611 or [email protected]
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