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The Western Investment Company of Canada Ltd ( (TSE:WI) ) has issued an update.
The Western Investment Company of Canada Ltd reported a significant increase in net loss for the first quarter of 2025, attributed to the consolidation of Fortress Insurance’s expenses. Despite this, Fortress Insurance showed strong revenue growth and added new programs, contributing positively to investment income. The company also converted $5 million in debentures into common shares, indicating a strategic move to strengthen its equity base. GlassMasters Autoglass, one of Western’s equity-accounted investments, demonstrated resilience with a 14% revenue growth, showcasing effective management amidst seasonal challenges.
More about The Western Investment Company of Canada Ltd
The Western Investment Company of Canada Ltd operates in the financial services industry, focusing on investments and insurance services. Its primary products include equity investments and insurance services, with a market focus on diversifying its premium base and expanding its insurance offerings.
Average Trading Volume: 28,903
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$90.55M
Learn more about WI stock on TipRanks’ Stock Analysis page.