Fountain Asset (TSE:FA) has released an update.
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Fountain Asset Corp. reports a decrease in net asset value and a rise in comprehensive losses for Q1 2024, with a per-share drop from $0.11 to $0.10, reflecting challenges including losses from investment activities. The company, however, managed to maintain low operating expenses, aiding in mitigating the overall losses. Despite a challenging quarter, Fountain Asset Corp. is recalibrating its investment portfolio to foster future growth.
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