Trading Symbol: FFP
VANCOUVER, May 30, 2017 /CNW/ - The financial results of Consolidated Firstfund Capital Corp. for the three months ended March 31, 2017 show a net income of $16,201 or $0.00 per share (2016 - $5,620 or $0.00 per share) on revenues of $81,344 (2016 - $84,774). The Company's fee income was $80,878 for the three months ended March 31, 2017 (2016 - $83,990). The Company's expenses decreased to $65,143 for the three months ended March 31, 2017 (2016 - $79,154) as the Company recognized a foreign exchange loss of $1,116 (2016 - $9,494) primarily on the Company's accounts receivable denominated in US dollars due to a strengthening of the Canadian dollar against the US currency.
The Company's condensed consolidated interim financial statements and management's discussion and analysis for the three months ended March 31, 2017 and 2016 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]