Elysee Development Corp. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended August 31, 2018; Provides Earnings Guidance for the Full Year 2018
During the nine months ended August 31, 2018, Elysee had net earnings of $1,195,025 or $0.06 per share as compared with net earnings of $357,992 or $0.02 per share for the nine months ended August 31, 2017. The earnings for the current period were primarily the result of realized gains on marketable securities of $1,966,531 and interest and dividend income of $87,043, offset by unrealized losses on marketable securities of $503,414.
With earnings per share during the first nine months of fiscal 2018 of $0.06 per share, the company is confident of continuing strong performance through the final months of the fiscal year and beyond.