AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Consolidated Firstfund Capital Corp. Earnings Release 2021

Aug 31, 2021

42908_rns_2021-08-30_791f498b-1519-4db2-aabb-f97ebf635343.pdf

Earnings Release

Open in viewer

Opens in your device viewer

Firstfund Reports 2021 Second Quarter Results

TSXV Trading Symbol: FFP

VANCOUVER, BC, Aug. 30, 2021 /CNW/ - The financial results of Consolidated Firstfund Capital Corp. (TSXV: FFP) (the "Company" or "Firstfund") for the three months ended June 30, 2021 show a net loss of $1,086,049 or $0.17 per share (2020 - net income of $677,955 or $0.11 per share). The Company recorded an unrealized net loss of $1,086,344 (2020 - unrealized net gain of $665,824) on the revaluation of the investments in Vitality Products Inc. (TSXV: VPI) measured at fair value through profit or loss. The Company's fee income decreased to $75,182 for the three months ended June 30, 2021 (2020 - $84,656).

The Company's condensed consolidated interim financial statements and management's discussion and analysis for the six months ended June 30, 2021 and 2020 are available on SEDAR at www.sedar.com.

About Firstfund

Consolidated Firstfund Capital Corp. (TSXV: FFP) is a venture capital and property development and management company doing business primarily in Canada and the West Coast of the United States. The Company is an investment issuer listed on the TSX Venture Exchange. Firstfund has invested its capital in both private companies and publicly traded companies since 1983. The Company continues to investigate other investment opportunities for its portfolio. Firstfund earns fee income for real estate development and property management activities performed on properties owned by other companies and limited partnerships managed by companies under common control.

On behalf of the Board of