Central Fund of Canada Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended April 30, 2017
Central Fund of Canada Limited reported unaudited earnings results for the second quarter and six months ended April 30, 2017. For the quarter, the company reported total income of $11,989 against $113 a year ago. Net loss from administrative activities was $3,105,326 against $2,886,354 a year ago. Net income, inclusive of the change in unrealized appreciation of holdings, for the three months ended April 30, 2017 was $95.7 million compared to $580.3 million for the comparable period in 2016.
For the six months, the company reported total income of $35,052 against $2,593 a year ago. Net loss from administrative activities was $5,871,169 against $5,828,640 a year ago. Net loss, inclusive of the change in unrealized appreciation of holdings, for the six months ended April 30, 2017 was $41.6 million compared to net income of $406.3 million for the comparable period in 2016.