The Western Investment Company of Canada Ltd (TSE:WI) has released an update.
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The Western Investment Company of Canada Ltd reported a decrease in total revenue for Q1 2024 due to a return to normal levels of income from equity investments, after an exceptional previous year boosted by a one-time gain from a property sale. Despite a seasonal equity loss, the company’s associates are meeting their budgets and gearing up for a strong performance in the upcoming busy season, with strategic inventory buildup and expansion. Additionally, the company is making strides in transforming into a property and casualty insurance and investment holding company, with updates on the transaction anticipated soon.
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