Dundee Corporation Holds the Line on Cost Reduction, Announces Fourth Quarter and Year-End Results
TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months and year ended December 31, 2023.
- TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months and year ended December 31, 2023.
- Reported a net loss from portfolio investments for the fourth quarter of 2023 of $0.8 million (2022 – income of $39.9 million).
- For the year ended December 31, 2023, the Corporation reported a net loss from portfolio investments of $23.0 million (2022 – income of $53.6 million).
- Reported consolidated general and administrative expenses for the current quarter of $2.5 million (2022 – $7.1 million), representing a 65% year-over-year decline as Dundee sustains momentum with cost-cutting initiatives.