Royal Oak Announces First Quarter Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/30/13 -- Royal Oak Ventures Inc. ("Royal Oak" or the "company") (CNSX: ROV)(CNSX: ROV.B) recorded comprehensive income of $0.5 million for the three months ended March 31, 2013 compared to $0.9 million in the corresponding period in 2012. Comprehensive income in the current quarter consisted of net income of $0.2 million (2012 - $0.3 million) and other comprehensive income of $0.3 million (2012 - $0.6 million).
The company classifies securities within its investment portfolio as available-for-sale financial instruments and accordingly records unrealized change in the fair value of these investments in other comprehensive income. The company recorded a pre-tax unrealized gain of $0.3 million during the period (2012 - $0.7 million) as a result of an increase in the fair value of the company's securities.
The company reported net income of $0.2 million or $nil per share for the three months ended March 31, 2013 compared to net income of $0.3 million or $nil per share in the corresponding period in 2012.
CHANGES IN NET BOOK VALUE
The net book value of the company's common shares as at March 31, 2013 was $0.22 per share. The information in the following table shows the changes in net book value for the three months ended March 31, 2013 and 2012.
STATEMENTS OF FINANCIAL POSITION
The information in the following table has been extracted from the company's statements of financial position as at March 31, 2013 and December 31, 2012.
Contacts:
Royal Oak Ventures Inc.
Derek E. Gorgi
Vice-President Finance
(416) 363-9491
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Datum: 30.05.2013 - 15:59 Uhr
Sprache: Deutsch
News-ID 1232329
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VANCOUVER, BRITISH COLUMBIA
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Kategorie:
Venture Capital
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