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Back to Home » May 2012 News » Augen Capital Reports First Quarter 2012 Results |
Augen Capital Reports First Quarter 2012 Results |
May 25, 2012
TORONTO, ONTARIO--(Marketwire - May 24, 2012) - Augen Capital Corp. ("Augen" or the "Company") (TSX VENTURE:AUG) today announced its consolidated financial results for the three months ended March 31, 2012.
During the first quarter of 2012, the Company recorded a net loss of $530,770 (2011 - $2,372,060) or a net loss of $0.01 (2011 - net loss of $0.04) on a per share basis. This result was mostly due to a realized loss on sale of investments of $955,636 (2011 - gain of $378) offset by an unrealized gain of $758,065 (2011 - unrealized loss of $2,051,964). The Company generates income primarily through its investment portfolio, the value of which is closely related to global capital market conditions and the general economic environment.
Source URL: http://www.marketwire.com/mw/release.do?id=1661567&sourceType=3
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