Montfort Capital Announces Second Quarter 2022 Financial Results

About this update from Montfort Capital Corp

[{"type":"text","content":"\n \n \n \n Montfort Capital Announces Second Quarter 2022 Financial Results\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n ~Monfort delivers record Q2 revenue and record net comprehensive income;\n \n \n \n also recently completes acquisition of Brightpath Capital~\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 24, 2022\n \n \n /CNW/ -\n \n Montfort Capital Corporation (\"Montfort\" or the \"Company\")\n \n (TSXV: MONT) (OTCQB: MONTF), a leading innovator of technology in private credit, is pleased to report consolidated interim financial results for the second quarter ended\n \n June 30, 2022\n \n . All figures are reported in Canadian dollars unless otherwise noted.\n \n \n \n Second Quarter 2022 Highlights\n \n \n \n For the three months ended\n \n June 30, 2022\n \n , the Company had the following highlights:\n \n \n \n Record revenue of\n \n $5.3 million\n \n , an increase of\n \n $3.4 million\n \n or 186% from\n \n $1.8 million\n \n in the three months ended\n \n May 31, 2021\n \n ,\n \n \n Interest income from investments was\n \n $3.7 million\n \n , an increase of\n \n $2.6 million\n \n or 224% from\n \n $1.2 million\n \n in the prior comparable period,\n \n \n Net income increased 134% to\n \n $1.4 million\n \n from\n \n $0.6 million\n \n in the second quarter 2021,\n \n \n Record income from the settlement of loans and transaction and other fees increased from\n \n $0.7 million\n \n in the prior year period to\n \n $1.4 million\n \n in the three months ending\n \n June 30, 2022\n \n ,\n \n \n Total assets of\n \n $138.3 million\n \n as at\n \n June 30, 2022\n \n compared to\n \n $125.1 million\n \n at\n \n December 31, 2021\n \n . Cash balance, as part of assets, for the second quarter was\n \n $3.4 million\n \n compared to\n \n $9.3 million\n \n as at\n \n December 31, 2021\n \n , and\n \n \n TIMIA's loan investment portfolio (loans receivable) increased to\n \n $126.9 million\n \n in the second quarter 2022 compared to\n \n $106.1 million\n \n as of\n \n December 31, 2...

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