TIMIA Capital Announces Third Quarter 2021 Financial Results

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[{"type":"text","content":"\n \n \n \n TIMIA Capital Announces Third Quarter 2021 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 ~Company\n \n \n continues to grow its assets while disbursing a record\n \n $8.2 million\n \n in the third quarter 2021~\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 18, 2021\n \n /CNW/ -\n \n TIMIA Capital Corporation (\"TIMIA\" or the \"Company\")\n \n (TSXV: TCA) (OTC: TIMCF) today announced financial results for the third quarter ended\n \n August 31\n \n , 2021.   These results do not include the business of Pivot Financial, which was acquired subsequent to quarter-end.\n \n \n \n Third\n \n \n Quarter 2021 Highlights include:\n \n \n \n \n Total revenue of\n \n $1.4 million\n \n versus\n \n $1.9 million\n \n in the same period last year. Total revenue in the current period did not include any income from settlements (2020 -\n \n $521,616\n \n );\n \n \n Interest income from investments of\n \n $1.25 million\n \n compared to\n \n $1.25 million\n \n in the same period last year;\n \n \n Net income of\n \n $307,161\n \n compared to\n \n $333,243\n \n in the same period last year;\n \n \n Net and comprehensive income was\n \n $1.2 million\n \n compared to a comprehensive loss of\n \n $73,584\n \n for the same period last year due largely to the unrealized foreign currency translation gain on its consolidated US denominated Limited Partnership (2020 - loss);\n \n \n Loan portfolio increased\n \n $9.1 million\n \n from\n \n $25.5 million\n \n to\n \n $34.6 million\n \n in the last three months largely due to the disbursement of\n \n $8.3 million\n \n in new and follow-on investments;\n \n \n Reported total assets of\n \n $46.1 million\n \n as at\n \n August 31, 2021\n \n compared to\n \n $41.9 million\n \n as at\n \n November 30, 2020\n \n . Cash balance, as part of assets, was\n \n $8.9 million\n \n compared to\n \n $12.9 million\n \n as at\n \n November 30, 2020\n \n ; and\n \n \n Through the Company's normal course issuer bid, the Company purchased 662...

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