Toronto, ON, May 24, 2024 (GLOBE NEWSWIRE) -- Gulf & Pacific Equities Corp. (TSX-V: GUF) an established company focused on the acquisition, management and development of anchored shopping centres in Western Canada, reports a 11.5% increase in revenues to $1,087,886 in the quarter ended March 31, 2024, from $975,248 at the same period last year.
Details of the three months financial results for fiscal 2024 and 2023 under International Financial Reporting Standards (IFRS), as summarized below, are also available at or the company's website .
Three Months Ended | |||||||
(Unaudited) | |||||||
March 31, | |||||||
2024 | 2023 | ||||||
Revenue | $ | 1,087,886 | $ | 975,248 | |||
Net Income (Loss) before fair value adjustment, | |||||||
other income items and income taxes | $ | (46,490) | $ | (62,043) | |||
Net Income (Loss) before fair value adjustment | |||||||
other income items and income taxes | $ | - | $ | - | |||
Net Income and Comprehensive Income | $ | (32,418) | $ | 108,018 | |||
Net Income and Comprehensive Income | |||||||
per common share – basic | $ | - | $ | 0.01 | |||
Net Income and Comprehensive Income | |||||||
per common share – diluted | $ | - | $ | - | |||
Weighted average number of common | |||||||
shares outstanding – basic | 21,290,685 | 21,290,685 | |||||
Weighted average number of common | |||||||
shares outstanding – diluted | 21,930,408 | 21,950,791 | |||||