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.