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Firstfund Reports 2018 Second Quarter Results

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Firstfund Reports 2018 Second Quarter Results

Canada NewsWire

Trading Symbol:  FFP

VANCOUVER, Aug. 29, 2018 /CNW/ - The financial results of Consolidated Firstfund Capital Corp. for the three months ended June 30, 2018 show a net income of $693,461 or $0.11 per share (2017 - $706 or $0.00 per share) on revenues of $815,907 (2017 - $82,854).  The Company recorded an unrealized gain of $735,910 (2017 - $Nil) on the revaluation of the investment in Vitality Products Inc. common shares measured at fair value through profit or loss.  The Company's fee income decreased to $78,970 for the three months ended June 30, 2018 (2017 - $82,198).

The Company's condensed consolidated interim financial statements and management's discussion and analysis for the six months ended June 30, 2018 and 2017 are available on SEDAR at www.sedar.com.

About Firstfund

Consolidated Firstfund Capital Corp. (FFP – TSX-V) is a venture capital and property development and management company doing business primarily in Canada and the West Coast of the United States.

On behalf of the Board of
CONSOLIDATED FIRSTFUND CAPITAL CORP.

"W. Douglas Grant" (signed)
______________________________
W. Douglas Grant, President & CEO

Neither TSX Venture Exchange 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.

SOURCE Consolidated Firstfund Capital Corp.

View original content: http://www.newswire.ca/en/releases/archive/August2018/29/c6921.html

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