Fairfax India SV USF (TSE:FIH.U) has released an update.
Fairfax India Holdings Corporation reported net earnings of $34 million for the third quarter of 2024, a significant drop from $133 million the previous year, but saw a slight increase in book value per share due to net gains on investments. The company completed a major investment in Global Aluminium and remains financially robust with $285.7 million in cash and marketable securities. Fairfax India aims for long-term capital appreciation by investing in Indian and related businesses.
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