Dundee Corporation Reports First Quarter 2017 Financial Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/11/17 -- Dundee Corporation (TSX: DC.A) (the "Corporation" or "Dundee") is reporting its financial results for the three months ended March 31, 2017.
During the first quarter of 2017, the Corporation generated net earnings attributable to owners of Dundee Corporation of $29.0 million, or earnings of $0.44 per share on a fully diluted basis, compared with a net loss of $6.1 million, or $0.13 per share incurred during the same period of the prior year.
Operating results during the first three months of 2017 benefited from improved market performance in certain of the Corporation''s investments that are carried in the consolidated financial statements at fair value through profit or loss ("FVTPL").
"In the first quarter of 2017, stronger market performance by some of our public company investments contributed to improved financial results," said David Goodman, Chief Executive Officer of the Corporation. "In addition, we are encouraged by the improved performance of each of our subsidiaries, all of which delivered stronger results compared to the first quarter of 2016. While some subsidiaries are still in a loss position, we see some positive trends emerging and will continue actively supporting the management teams leading these businesses."
FINANCIAL RESULTS
OPERATIONAL ACHIEVEMENTS
SHAREHOLDERS'' EQUITY ON A PER SHARE BASIS
FIRST QUARTER 2017 CONFERENCE CALL AND WEBCAST DETAILS
The Corporation''s unaudited condensed interim consolidated financial statements, along with the accompanying management''s discussion and analysis have been filed on the System for Electronic Document Analysis and Retrieval ("SEDAR") and may be viewed by interested parties under the Corporation''s profile at or the Corporation''s website at .
The Corporation will host a conference call and webcast to discuss its first quarter 2017 financial results. The details for the event are as follows:
The conference call will be archived for replay until Friday, May 19, 2017 at midnight. To access the archived conference call, please dial 1.855.859.2056 or 1.416.849.0833 and enter the encore code 17380297. An archive of the audio webcast will also be posted to Dundee Corporation''s website.
ABOUT DUNDEE CORPORATION
Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol "DC.A". Through its operating subsidiaries, Dundee Corporation is engaged in diverse business activities in the areas of investment advisory, corporate finance, energy, resources, agriculture, real estate and infrastructure. Dundee Corporation also holds, directly and indirectly, a portfolio of investments mostly in these key areas, as well as other select investments in both publicly listed and private enterprises.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Dundee Corporation''s current expectations regarding future events. Forward- looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee Corporation''s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the 2016 Annual Information Form of Dundee Corporation and subsequent filings made with securities commissions in Canada. Dundee Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Contacts:
Dundee Corporation
John Vincic
Investor and Media Relations
(647) 402-6375
Dundee Corporation
Lucie Presot
Executive Vice President and Chief Financial Officer
(416) 365-5157
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Datum: 11.05.2017 - 17:07 Uhr
Sprache: Deutsch
News-ID 1504151
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