SOL Global Provides Interim Unaudited Financials for the Third Quarter Ended August 2024
Toronto, Ontario. October 29, 2024 – SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) today reported unaudited financial results for the third quarter ended August 31, 2024. The Company is also pleased to present a general operational update regarding its assets and investments. All figures in this press release are in Canadian dollars, unless otherwise indicated.
Unaudited Results for the Nine-Month Period Ended August 31, 2024
- For the nine-month period ended August 31, 2024, the Company recorded a net loss of ($2.9) million vs. nine-month period ended August 31, 2023, net loss of ($19.1) million. This represents a net change of $16.2 million.
- For the three-month period ended August 31, 2024, the Company recorded a net loss of ($3.0) million vs the three-month period ended August 31, 2023, net loss of ($6.9) million. This represents a net change of $3.9 million.
- Total loss from investments totalled ($22.3) million for the nine-month period ended August 31, 2024, compared to loss of ($15.5) million for the nine-month period ended August 31, 2023. This represents a net change of $6.8 million between periods.
- Total loss from investments totalled ($1.6) million for the three-month period ended August 31, 2024, compared to loss of ($6.0) million for the three-month period ended August 31, 2023. This represents a net change of $4.4 million between periods.
- The unaudited Net Asset Value (“NAV”) per share is equal to $0.09 at August 31, 2024, vs. $0.72 at August 31, 2023.