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Mayberry Research 2021-10-05T03:32:45-05:00

1834 posts 81% decline in first quarter net profit

1834 Investments Limited (1834) for the three months ended June 30, 2018, reported a 26% decline in revenue from $11.15 million for the comparable period in 2017 to $8.23 million. Other operating income fell by 77% to $17.14 million (2017: $74.54 million). According to management, other income, “is mainly comprised of gains on the sale of certain investments and foreign exchange movement.” the $74.54 million recorded twelve months earlier was due to, “the sale of a building in Canada $12M which was owned by 1834 Investments (Canada) Inc. and the sale of shares in RJR Communications Group $57M which were held