Crown Cap (TSE:CRWN) has released an update.
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Crown Capital Partners Inc. reported a slight improvement in net loss, posting $(0.6) million in Q1 2024 compared to $(0.7) million in Q1 2023, amidst mixed financial performance across its various segments. Despite total equity dipping to $37.5 million from $38.2 million at year-end, the Specialty Finance segment showed a notable increase in earnings due to larger unrealized gains. The company is also navigating a potential breach of financial covenants with its bank but has not been asked for immediate repayment of its $24.6 million loan as it explores new financing options.
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