Business
Firstfund reports 2005 third quarter results
Firstfund reports 2005 third quarter results.
About this update from Consolidated Firstfund Capital Corp.
[{"type":"text","content":"\n\n\n\n\nTrading Symbol: FFP\n\nVANCOUVER, Nov. 29 /CNW/ - Consolidated Firstfund Capital Corp. is\npleased to announce its results from operations for its third quarter ended\nSeptember 30, 2005. For the three months ended September 30, 2005, the Company\nearned $53,908 or $0.01 per share (2004 - $54,775 or $0.01 per share) on\nrevenues of $186,915 (2004 - $203,898). The Company's fee income was $186,583\nfor the three months ended September 30, 2005 (2004 - $163,801).\nThe Company earned $544,575 or $0.09 per share during the nine months\nended September 30, 2005 compared to $96,115 or $0.02 per share for the same\nperiod last year. Operating revenues increased to $1,140,348 for the nine\nmonths ended September 30, 2005 (2004 - $590,948).\nThe Company's fee income has increased to $860,425 for the nine months\nended September 30, 2005 (2004 - $545,967). The Company's monthly fee income\nbilled to Gold Star Resorts Inc. has increased to US$35,000 in 2005 (2004 -\nUS$10,000 per month). The monthly fee income increase represents additional\nproperty development and property management responsibilities in Whatcom\nCounty, Washington. The Company also has received from Gold Star US$265,000\nfor additional project administration relating to the Sandcastle Resort\nproject and US$50,000 for organizing the 68-unit condominium project during\nthe first nine months of 2005. An additional US$75,000 was received during the\nfirst quarter for the Company's successful property rezone of the 160-acre\nsubdivision at SR 548 - Blaine Road in Whatcom County, Washington.\nThe Company's interim consolidated financial statements and management's\ndiscussion and analysis for the nine months ended September 30, 2005 are\navailable on SEDAR at www.sedar.com.\n\nOn behalf of the Board of\nCONSOLIDATED FIRSTFUND CAPITAL CORP.\n\nWilliam N. Grant (signed)\n-------------------------\nWilliam N. Grant, President & CEO\n\n The TSX Venture Exchange has not reviewed and does not accept\n responsibility for the adequacy or accuracy of this release.\n%SEDAR: 00002533E\n\n\n","length":2120,"tagName":"div"}]