tiprankstipranks
Trending News
More News >

Lorne Park Capital Reports Strong Q1 Growth

Lorne Park Capital Reports Strong Q1 Growth

Lorne Park Capital (TSE:LPC) has released an update.

Confident Investing Starts Here:

Lorne Park Capital Partners Inc. reported a robust first quarter in 2024 with revenue increasing by 14.6% to $8.3 million and net earnings surging 274% to $126 thousand compared to the same period last year. The company’s assets under management grew to $3.12 billion, bolstered by the acquisition of Fulcrum Equity Management and market appreciation. This performance, underpinned by an 18.3% increase in adjusted EBITDA, highlights LPCP’s continued growth in the investment management and wealth advisory sector.

For further insights into TSE:LPC stock, check out TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App