Fairfax India SV USF (TSE:FIH.U) has released an update.
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Fairfax India Holdings Corporation reported a significant increase in net earnings to $254.1 million for the second quarter of 2024, a rise largely attributed to higher net gains on investments. The company highlighted substantial unrealized gains from its listed and private investments, as well as realized gains from sales in compliance with regulatory schedules. Additionally, Fairfax India boasts a robust financial position with a book value per share growth of 9.5% and substantial cash and marketable securities amounting to $309.9 million.
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