Firstfund Reports 2018 Third Quarter Results
Nov 29, 2018, 18:06 ET
Trading Symbol: FFP
VANCOUVER, Nov. 29, 2018 /CNW/ - The financial results of Consolidated Firstfund Capital Corp. for the three months ended September 30, 2018 show a net loss of $652,567 or $0.11 per share (2017 - $129,518 or $0.02 per share). The Company recorded an unrealized loss of $665,824 (2017 - $140,173) on the revaluation of the investment in Vitality Products Inc. common shares measured at fair value through profit or loss. The Company's fee income increased to $79,916 for the three months ended September 30, 2018 (2017 - $76,654).
The financial results of the Company for the nine months ended September 30, 2018 show a net income of $505,980 or $0.08 per share (2017 - net loss of $42,524 or $0.01 per share). The Company recorded an unrealized gain of $525,650 (2017 - unrealized loss of $70,086) on the revaluation of the investment in Vitality Products Inc. common shares measured at fair value through profit or loss. The Company's fee income decreased to $236,276 for the nine months ended September 30, 2018 (2017 - $239,730).
The Company's condensed consolidated interim financial statements and management's discussion and analysis for the nine months ended September 30, 2018 and 2017 are available on SEDAR at www.sedar.com.
About Firstfund
Consolidated Firstfund Capital Corp. (FFP – TSX-V) is a venture capital and property development and management company doing business primarily in Canada and the West Coast of the United States.
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]