Trading Symbol: FFP
VANCOUVER, April 29, 2020 /CNW/ - The financial results of
Consolidated Firstfund Capital Corp. for the three months ended
December 31, 2019 show a net income
of $755,256 or $0.12 per share (2018 - $384,628 or $0.06
per share) on revenues of $782,289
(2018 - $506,037). The Company
recorded an unrealized net gain of $700,867 (2018 - $424,637) on the revaluation of the investments
in Vitality Products Inc. measured at fair value through profit or
loss. The Company's fee income decreased to $80,702 for the three months ended December 31, 2019 (2018 - $80,784).
The financial results of the Company for the year ended
December 31, 2019 show a net loss of
$263,595 or $0.04 per share (2018 - net income of
$890,608 or $0.14 per share). The Company recorded an
unrealized net loss of $350,434 (2018
- unrealized net gain of $950,287) on
the revaluation of the investments in Vitality Products Inc.
measured at fair value through profit or loss. The Company's
fee income increased to $324,438 for
the year ended December 31, 2019
(2018 - $317,060).
The Company's audited consolidated financial statements and
management's discussion and analysis for the years ended
December 31, 2019 and 2018 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.