Foremost Income Fund Reports Q3 2021 Results
Calgary, Alberta--(Newsfile Corp. - November 12, 2021) - Foremost Income Fund ("Foremost" or the "Fund") announces the financial results for the three and nine-month period ended September 30, 2021.
- Calgary, Alberta--(Newsfile Corp. - November 12, 2021) - Foremost Income Fund ("Foremost" or the "Fund") announces the financial results for the three and nine-month period ended September 30, 2021.
- The Fund is an unincorporated open end mutual fund trust conducting its business through three operating segments, Foremost Energy Equipment (FEE), Foremost Mobile Equipment (FME), and Corporate.
- SG&A expenses decreased from 11% of revenue in Q2 2021 to 9% of revenue in Q3 2021 and decreased 1% compared to Q3 2020.
- Total spend in Q3 2021 in this category was $3.2 million, compared to $3.5 million in Q2 2021 and $2.6 million in Q3 2020.