Lorne Park Capital Sees Revenue Growth Amidst Losses

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

Lorne Park Capital Partners Inc. reported significant revenue growth for the first half of 2024, with a 17% increase to $17.0 million, and a 19.3% rise in the second quarter revenues compared to the previous year. Despite these gains, the company experienced a net loss in earnings during the same periods, attributed to charges from acquisitions and other non-recurring costs. Assets under management grew to $3.24 billion, bolstered by a recent acquisition and positive market and foreign exchange influences.

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