Central Fund of Canada Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended April 30, 2017
May 31, 2017 at 02:21 am IST
Central Fund of Canada Limited reported unaudited earnings results for the second quarter and six months ended April 30, 2017. For the quarter, the company reported total income of $11,989 against $113 a year ago. Net loss from administrative activities was $3,105,326 against $2,886,354 a year ago. Net income, inclusive of the change in unrealized appreciation of holdings, for the three months ended April 30, 2017 was $95.7 million compared to $580.3 million for the comparable period in 2016.
For the six months, the company reported total income of $35,052 against $2,593 a year ago. Net loss from administrative activities was $5,871,169 against $5,828,640 a year ago. Net loss, inclusive of the change in unrealized appreciation of holdings, for the six months ended April 30, 2017 was $41.6 million compared to net income of $406.3 million for the comparable period in 2016.