Trading Symbol: FFP
VANCOUVER, Aug. 31, 2015 /CNW/ - Consolidated Firstfund Capital Corp. announces its results from operations for its second quarter ended June 30, 2015. The financial results of the Company for the three months ended June 30, 2015 show a net income of $82,495 or $0.02 per share (2014 - a net loss of $14,112 or $0.00 per share) on revenues of $237,145 (2014 - $67,896). No additional fee income, above and beyond the Company's monthly administration fees, was received in the second quarter of 2015. The Company's fee income was $75,264 for the three months ended June 30, 2015 (2014 - $66,932). The Company's results in the second quarter of 2015 were impacted by the Company recording the net proceeds of $160,059 to GoldStar Resort Destinations, Inc., a wholly-owned subsidiary of the Company, from the sale of a condominium unit in its timeshare program. The cost of the sale was $76,002 resulting in a gain on the sale of $84,057.
The Company's condensed consolidated interim financial statements and management's discussion and analysis for the six months ended June 30, 2015 and 2014 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: please contact: W. Douglas Grant, President & CEO at (604) 683-6611 or [email protected]