TORONTO, May 15, 2012 /CNW/ - Jaguar Financial Corporation ("Jaguar" or the "Company") today reported results for its first quarter ended March 31, 2012, of its 2012 fiscal year.
For the three months ended March 31, 2012, the Company reported net income of $828,300 compared to a net loss of $1,343,960 in the first quarter of 2011.
For the three months ended March 31, 2012, the Company generated a net gain on investments of $1,147,974 compared to a net loss on investments of $1,114,947 in the first quarter of 2011. The Company's investment portfolio is classified as held for trading and recorded on a fair value basis and will experience, at various times, unrealized gains or losses based on equity market conditions.
Jaguar had cash and investments at fair value of $9,053,366 as at March 31, 2012.
Jaguar is a Canadian merchant bank that invests in undervalued small capitalization companies in a variety of industry sectors.
The securities of Jaguar Financial Corporation are listed on the TSX under the symbol "JFC".
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under Jaguar's control which may cause actual results, performances or achievements of Jaguar to be materially different from those implied by such forward looking statements.
For further information:
For additional information on this press release, please contact:
Vic Alboini, Chairman and Chief Executive Officer
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Kyler Wells, Senior Vice President and General Counsel