Business
Fountain Asset Corp. Announces its Financial Results for the Quarter and Year Ended December 31, 2018
Fountain Asset Corp. Announces its Financial Results for the Quarter and Year Ended Decemb...
About this update from Fountain Asset Corp.
[{"type":"text","content":"\n\n\n\nFountain Asset Corp. Announces its Financial Results for the Quarter and Year Ended December 31, 2018\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\n\nCanada NewsWire\nTORONTO, April 26, 2019\n\n\n\nTORONTO, April 26, 2019 /CNW/ - Fountain Asset Corp. (TSXV:FA) (\"Fountain\" or the \"Company\") is pleased to announce its financial results for the three months ended December 31, 2018 (\"Q4/18\") and for the year ended December 31, 2018 (\"Fiscal 2018\").\nHighlights from Q4/18:\nAdjusted net asset value (\"ANAV\") of $36.77 million ($0.63 per share) at December 31, 2018 compared to $35.54 million ($0.60 per share) at September 30, 2018, representing a 5.0% increase quarter over quarter on a per share basis. ANAV reflects the net asset value plus the amount of available tax loss pools available; Net comprehensive income of $1.02 million compared to $4.63 million for three months ended December 31, 2017 (\"Q4/17\"); Total revenue from investment activity was $2.29 million compared to $3.60 million for Q4/17; Net realized gains on the sale of portfolio investments of $2.17 million compared to net realized gains of $1.58 million for Q4/17; Net unrealized gains on portfolio investments of $0.05 million compared to net unrealized gains of $1.84 million for Q4/17; Total expenses of $1.26 million, which include annual incentive plan expense and stock-based compensation, compared to $0.73 million for Q4/17; and Operating expenses of $0.42 million compared to $0.61 million for Q4/17.Highlights from Fiscal 2018:\nANAV of $36.77 million ($0.63/share) at December 31, 2018 compared to $25.54 million ($0.47/share) at December 31, 2017, representing a 34% increase year over year on a per share basis; Net comprehensive income of $8.58 million compared to $8.13 million for the year ended December 31, 2017 (\"Fiscal 2017\"); Total revenue from investment activity increased to $13.24 million compared to $5.04 million for Fiscal 2017; Net realized gains on the sale of portfolio investments of $14.42 million compared to net realized gains of $2.54 million for Fiscal 2017; Net unrealiz...