Fountain Asset Corp. Announces Its Financial Results for the Third Quarter 2016

Fountain Asset (TSXV:FA) has announced its financial results for the third quarter ending September 30, 2016.
As quoted in the press release:

Highlights

• Three month revenue of $818,000, up from $811,000 in Q1 and $295,000 in Q1;
• Net income of $551,000;
• Portfolio of publicly traded companies increased to $6.0 million compared to $5.2 million at year end;
• Total assets of $13.9 million at the end of the quarter;

Management’s First Quarter Comments
For the third quarter ended September 30, 2016, the Company reported net income of $551,045 or $0.01 per share compared to a net loss of ($3,894,241), or ($0.07) per share in the prior year. Total assets as at September 30, 2016 were $13.9 million compared to $12.9 million as at December 31, 2015. The Company’s portfolio of public companies increased to $6.0 million at quarter end compared to $5.2 million at year end.

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