Crown Cap ( (TSE:CRWN) ) just unveiled an update.
Crown Capital Partners reported a net loss of $29.4 million for 2024, a significant increase from the previous year’s loss, primarily due to impairment charges and losses from investments in associates. Despite an increase in adjusted EBITDA to $5.1 million, driven by improved performance in distribution services and real estate, the company faced challenges in network services and distributed power segments. The decline in total equity and equity per share reflects the financial strain from these losses, impacting stakeholders and the company’s market positioning.
More about Crown Cap
Crown Capital Partners Inc. operates in the financial services industry, focusing on investment management and financial solutions. The company provides services in distribution, real estate, network services, and specialty finance, with a market focus on enhancing operational efficiencies and asset management.
YTD Price Performance: -22.98%
Average Trading Volume: 769
Technical Sentiment Signal: Buy
Current Market Cap: C$7.03M
See more data about CRWN stock on TipRanks’ Stock Analysis page.