Strategem Capital Reports Profitable First Quarter

Strategem Capital (TSE:SGE) has released an update.

Strategem Capital Corporation has reported a promising start to 2024 with a first-quarter net income of $1.3 million, up from $1.1 million in the previous year, indicating a solid earnings per share growth. The company fully allocated its capital to short-term investments, achieving gains through interest, dividends, and investment sales, while also managing to repay a cash overdraft post-quarter. Strategem remains focused on owning and managing high-growth ventures in various sectors, with an eye on market opportunities amid recent volatility.

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