Trading Symbol: FFP
VANCOUVER, April 30, 2015 /CNW/ - Consolidated Firstfund
Capital Corp. announces its 2014 results from operations based upon
its audited consolidated financial statements for the year ended
December 31, 2014.
The financial results of the Company for the three months ended
December 31, 2014 show a net loss of
$150,478 or $0.02 per share (2013 - $1,920 or $0.00 per
share) on revenues of $70,350 (2013 -
$64,847). No additional fee
income, above and beyond the Company's monthly administration fees,
was received in the fourth quarter of 2014. The Company's fee
income increased to $69,644 for the
three months ended December 31, 2014
(2013 - $64,490). The Company's
results in the fourth quarter of 2014 were significantly impacted
as the Company recorded a loss of $173,296 (2013 - $Nil) to recognize an other than
temporary impairment of investments.
The financial results of the Company for the year ended
December 31, 2014 show a net loss of
$7,384 or $0.00 per share (2013 - $80,171 or $0.01
per share). The Company's fee income decreased to
$271,140 for the year ended
December 31, 2014 (2013 -
$273,232).
The Company's audited consolidated financial statements and
management's discussion and analysis for the years ended
December 31, 2014 and 2013 are
available on SEDAR at www.sedar.com.
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.