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