Fountain Asset Corp. Announces its Financial Results for the Third Quarter 2017

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[{"type":"text","content":"\n\n\n\nFountain Asset Corp. Announces its Financial Results for the Third Quarter 2017\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, Nov. 24, 2017\n\n\n\nTORONTO, Nov. 24, 2017 /CNW/ - Fountain Asset Corp. (\"Fountain Asset\") (TSX Venture Exchange \"FA\") announces its financial results for the third quarter ending September 30, 2017.\n\nHighlights\n\n\nNine-month revenue of $1,438,757;\nNet comprehensive income of $3,501,387 ($0.06 per share) in the first nine months of 2017;\nIncrease of adjusted book value per share to $0.38 from $0.31 at the end of December 31, 2016. \n\nManagement's Third Quarter Comments\n\nFor the nine months ending September 30, 2017, the Company reported total revenue of $1,438,757 compared to $1,925,907 in the prior year's first nine months.  Net comprehensive income for the first nine months was $3,501,387 compared to $1,196,037 in the prior year's first nine months.  As at September 30, 2017, the Company's adjusted net asset per share was at $0.38 compared to $0.31 at the end of December 31, 2016. \n\nA full set of unaudited financial statements and related notes have been filed on SEDAR.\n\nAbout Fountain Asset Corp.\n\nFountain Asset Corp. is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. \n\nNeither TSX Venture Exchange Inc. 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 Fountain Asset Corp.\n\n\n\nView original content: http://www.newswire.ca/en/releases/archive/November2017/24/c1690.html\n\n\n\n\nDavid Darakjian at (416) 488-7760 or visit Fountain Asset Corp.'s website at www.fountainassetcorp.comCopyright CNW Group 2017","length":3479,"tagName":"div"}]

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