Helios Fairfax Partners Corporation (TSE:HFPC.U) has released an update.
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.
