Westaim Corp (TSE:WED) has released an update.
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Westaim Corporation reported a Q1 2024 net profit of $23.3 million, a decrease from Q1 2023’s $94.5 million, with diluted earnings per share at $0.17. The company’s shareholder equity stood at $531.9 million and they bought back 2.57 million shares. Income from investments, including Skyward Specialty and Arena FINCOs, varied, with the former contributing $24.6 million in profit and the latter turning a previous loss into a modest gain.
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