![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Crown Capital Partners Inc | TSX:CRWN | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.55 | 3.55 | 4.88 | 2 | 20:59:59 |
CALGARY, AB, May 15, 2024 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announced its financial results for the three months ended March 31, 2024. Crown's complete financial statements and management's discussion and analysis are available on SEDAR at www.sedarplus.ca.
Q1 2024 Financial & Operating Highlights
"From an operational perspective, Q1 was a good quarter for the Company as we achieved meaningful progress in all our operating divisions. We're expecting progress to continue this year, particularly in our Network Services segment, which is being driven by our contracts to develop new fibre optic networks, and in our Distribution Services segment, where we are increasing capacity utilization. We are also actively working to generate liquidity from our portfolio of assets to reduce debt, presently focused on our bank debt as well as the debentures due at the end of 2024," added Mr. Johnson.
Q1 2024 Financial Results Summary
Selected Quarterly Information | |||||||||
AS AT AND FOR THE THREE MONTHS ENDED MAR. 31 | 2024 | 2023 | |||||||
Revenue: | |||||||||
Distribution services revenue | $ 8,209 | $ 8,357 | |||||||
Network services revenue | 6,719 | 7,273 | |||||||
Fees and other income | 2,011 | 883 | |||||||
Distributed power interest revenue | 183 | 542 | |||||||
Merchant power revenue | 604 | - | |||||||
Total revenue | 17,726 | 17,055 | |||||||
Share of earnings of Crown Partners Fund | 2,227 | 1,350 | |||||||
Net loss attributable to Shareholders | (604) | (712) | |||||||
Comprehensive loss attributable to Shareholders | (684) | (712) | |||||||
Total assets | 174,619 | 172,763 | |||||||
Total equity | 37,544 | 49,943 | |||||||
Per share: | |||||||||
- Net loss to Shareholders - basic | $ (0.11) | $ (0.13) | |||||||
- Net loss to Shareholders - diluted | (0.11) | (0.13) | |||||||
- Total equity per share - basic | 6.72 | 8.85 | |||||||
Number of common shares: | |||||||||
- Outstanding at end of period | 5,588,646 | 5,640,546 | |||||||
- Weighted average outstanding - basic | 5,588,646 | 5,642,524 | |||||||
- Weighted average outstanding - diluted | 5,588,646 | 5,642,524 |
About Crown Capital Partners (TSX:CRWN)
Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a capital partner to entrepreneurs and growth businesses mainly operating in the telecommunications infrastructure, distribution services, and distributed power markets. We focus on growth industries that require a specialized capital partner, and we aim to create long-term value by acting as both a direct investor in operating businesses serving these markets and as a manager of investment funds for institutional partners. For additional information, please visit crowncapital.ca.
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward looking statements" and certain "forward looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management's beliefs, expectations or intentions regarding the distribution services market, the network services market and the general economy, Crown's business plans and strategy, including anticipated investment dispositions and capital deployments and the timing thereof, anticipated refinancing activity and Crown's future earnings. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown's periodic filings with Canadian securities regulators. See Crown's most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown's dividend policy will be reviewed from time to time in the context of the Corporation's earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
SOURCE Crown Capital Partners Inc.
Copyright 2024 Canada NewsWire
1 Year Crown Capital Partners Chart |
1 Month Crown Capital Partners Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions