Helios Fairfax Partners Corporation (TSE:HFPC.U) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Helios Fairfax Partners Corporation reported a shift in focus for 2023, liquidating Legacy Non-Core Assets to generate $62.7 million for investments aligned with African economic growth trends in demographics, urbanization, and technology. Despite a challenging quarter marked by an $80.9 million net loss and a decrease in book value per share from the previous year, the company saw unrealized gains in Helios Managed Investments and successfully redeemed debt ahead of maturity, improving liquidity.
For further insights into TSE:HFPC.U stock, check out TipRanks’ Stock Analysis page.