Business
Firstfund Reports 2015 Fourth Quarter Results
Firstfund Reports 2015 Fourth Quarter Results Firstfund Reports 2015 Fourth Quarte...
About this update from Consolidated Firstfund Capital Corp.
[{"type":"text","content":"\n\n\n\nFirstfund Reports 2015 Fourth Quarter Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFirstfund Reports 2015 Fourth Quarter Results\nCanada NewsWire\nVANCOUVER, April 29, 2016\n\n\n\nTrading Symbol: FFP\n\n\n\nVANCOUVER, April 29, 2016 /CNW/ - The financial results of Consolidated Firstfund Capital Corp. for the three months ended December 31, 2015 show a net income of $11,811 or $0.00 per share (2014 - $22,819 or $0.00 per share) on revenues of $84,867 (2014 - $70,350).  The Company's fee income increased to $81,616 for the three months ended December 31, 2015 (2014 - $69,644).\n\nThe financial results of the Company for the year ended December 31, 2015 show a net income of $157,022 or $0.03 per share (2014 - net loss of $73,287 or $0.01 per share) on revenues of $482,811 (2014 - $361,221).  The Company's fee income increased to $312,910 for the year ended December 31, 2015 (2014 - $271,140).\n\nThe Company's results in 2015 were significantly impacted by the Company recording the net proceeds of $165,682 to GoldStar Resort Destinations, Inc., a 100% wholly owned subsidiary, from the sale of the final condominium unit in its timeshare program.  The cost of the sale was $78,672 resulting in a gain on the sale of $87,010.  The Company approved the wind-up of GoldStar Resort Destinations, Inc. effective December 31, 2015.\n\nThe Company's audited consolidated financial statements and management's discussion and analysis for the years ended December 31, 2015 and 2014 are available on SEDAR at www.sedar.com.\n\nOn behalf of the Board of CONSOLIDATED FIRSTFUND CAPITAL CORP.\n\n\"W. Douglas Grant\" (signed)______________________________W. Douglas Grant, President & CEO\n\nNeither 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.\nSOURCE Consolidated Firstfund Capital Corp.\n\n\n\n\n\n\nW. Douglas Grant, President & CEO at (604) 683-6611 or [email protected] CNW Group 2016","length...