Madison Pacific Cl B (TSE:MPC) has released an update.
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Madison Pacific Properties Inc., a real estate company based in Vancouver, reported a net loss of $44.2 million for the year ending August 31, 2024, largely due to a $51.5 million provision for uncertain tax positions. Despite the loss, the company saw an increase in property revenues to $44.5 million and maintains a strong investment portfolio with high occupancy rates in its properties.
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