Western Investment Company 2019 Net Income up 11% to $1.25 million

About this update from Western Investment Company Of Canada Limited

[{"type":"text","content":"Western Investment Company 2019 Net Income up 11% to $1.25 millionHigh River, Alberta--(Newsfile Corp. - May 12, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) (\"WICC\" or \"Western\") announces that today it filed its financial statements and MD&A on SEDAR for the year ended December 31, 2019. Western reported net income of $1,252,643 for 2019, up from $1,131,531 the year before.WICC CEO Scott Tannas provided the following comments:\"A large portion of our earnings came from investment gains in the year, which offset a drop in operating earnings. While investment gains are helpful in the short term, our focus remains on profitably growing our businesses in the long run. So, while we are pleased to have grown our net income over the past year, I can assure shareholders we are very focused on navigating through these uncertain times and getting on with growing your company.\"About The Western Investment Company of Canada Limited WICC is a unique publicly traded, private equity company founded by a group of successful Western Canadian businesspeople, and dedicated to building and maintaining ownership in successful Western Canadian companies, and helping them to grow. Western's shares are traded on the TSX Venture Exchange under the symbol WI. For more information on Western, please visit its website at www.winv.ca CONTACT INFORMATION The Western Investment Company of Canada LimitedScott Tannas President and Chief Executive Officer (403) 652-2663 [email protected] AdvisoryThis news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to future plans, acquisitions, financings and returns. Statements containing the words: 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of similar meaning are forward-looking. All statements included herein involve various risks and uncertainties because they relate to future events and circumstances beyond Western's control. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from ...

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