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Pinetree Capital Ltd. Announces Unaudited Financial Results for the Period Ended March 31, 2022
TORONTO, ONTARIO / ACCESSWIRE / April 29, 2022 / Pinetree Capital Ltd. (TSX:PNP) ("Pinetre...
About this update from Pinetree Capital Ltd.
[{"type":"text","content":"Pinetree Capital Ltd. Announces Unaudited Financial Results for the Period Ended March 31, 2022TORONTO, ONTARIO / ACCESSWIRE / April 29, 2022 / Pinetree Capital Ltd. (TSX:PNP) (\"Pinetree\" or the \"Company\") today announced its financial results for the three months ended March 31, 2022. All financial information provided in this press release is unaudited and all figures are in $'000 except per share amounts and shares outstanding.Unaudited financial results for the period ended March 31, 2022The following information should be read in conjunction with our annual audited Consolidated Financial Statements, prepared in accordance with International Financial Reporting Standards (\"IFRS\") and our annual Management Discussion and Analysis for the year ended December 31, 2021, which can be found on SEDAR at www.sedar.com.Selected Financial Information As at March 31, 2022As at December 31, 2021Total assets$ 36,174$ 38,851Total liabilities395412Book Value35,77938,439Shares outstanding9,387,0009,387,000Book Value per share (BVPS)$3.81$4.09 Shares OutstandingEquityBook Value per share (BVPS)1Quarterly ExpensesExpenses as a percentage of BV1 $000's$$000's%Mar-31-229,387,00035,7793.813370.9Dec-31-219,387,00038,4394.092260.6Sep-30-219,387,00038,5474.112630.7Jun-30-219,420,19839,4804.192160.5Mar-31-214,710,09921,9044.652171.0Dec-31-204,522,59919,1014.221320.7Sep-30-204,522,59916,4933.641140.7Jun-30-204,522,59915,3993.401210.81 Refer to \"Use of Non-IFRS Financial Measures\"Shares Outstanding and Equity amounts are as at the Quarter End date. Expense amounts are for the Three months ending the Quarter End dateAs at March 31, 2022, Pinetree's equity was $35,779 which compares to $38,439 as at December 31, 2021. This resulted in Pinetree's BVPS decreasing from $4.09 as at December 31, 2021 to $3.81 as at March 31, 2022. The change represents a decrease of $0.28 or 6.8%.As at March 31, 2022, the Company held equity investments at fair value totaling $21,521, which represented 60% of book value. This compares to equity investments at fair value of $24,703 representing 64% of book value as at December31, 2021.Loss per share for the three months ended March 31, 2022 was $0.28 compared to earnings per share of $0.45 for the three months ended March 31, 2021.Expenses for the twelve months ended March 31, 2022 were $1,042 which corresponds to 2.9...