Grandfield Pacific Inc. releases first quarter financial results

YELLOWKNIFE, Sept. 28, 2015 /CNW/ - Grandfield Pacific Inc. today released the financial results for the first quarter ended July 31, 2015.

For the three months ended July 31, 2015

Net income before income tax for the three-month period ended July 31, 2015, was a loss of $8,996 as compared to a loss for the same quarter ending in 2014 of $13,458.  Included in the quarter ended July 31, 2014 is a loss of $3,438 for the sale of the shares in Regency International (BVI) Ltd. 

		For the three months ending:
Summary of Financial information	Notes	31-Jul-15	31-Jul-14
		$	$
Total revenue	1	3,067	2,676
Net (loss) income		(8,996)	(13,458)
Basic/ diluted loss per share		(0.00)/(0.00)	(0.00)/(0.00)

Notes:
1.  Includes interest and other income

Additional information of the financial results of the Company is filed on System for Electronic Document Analysis and Retrieval ("SEDAR") and can be accessed electronically at www.sedar.com. 

Grandfield Pacific Inc., through its operating subsidiaries, maintains ownership interests in and operates a hotel in Canada.  The Company's offices are based in Yellowknife, Northwest Territories, Vancouver, British Columbia and Hong Kong.  

SOURCE Grandfield Pacific Inc.

Sam Mark, President and Chief Executive Officer, Email: [email protected]