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HFPC.U — Helios Fairfax Partners News Story

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Canada's Helios Fairfax Partners Q1 profit jumps on gains from Seven Rivers, Trone

Overview

Canada investment holding firm's Q1 net profit rose sharply yr/yr to $6.3 mln

Book value per share grew 1% to $4.27, fifth straight quarterly increase

Company began consolidating Helios asset management business, generating $5.9 mln in management fees

Outlook

Company did not provide financial guidance

Result Drivers

INVESTMENT INCOME - Higher investment income, mainly from fair value gains on Seven Rivers and Trone, drove Q1 results

ASSET MANAGEMENT CONSOLIDATION - Consolidation of Helios asset management business contributed $5.9 mln in management fees and $2.9 mln in consulting fees

Company press release: ID:nGNX90jjcp

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net Income$6.30 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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