Mutual fund manager Mavrix Fund Management Inc. today reported a net loss of $400,000, or 5¢ per share, for the third quarter ended September 30.
For the nine month period, the net loss was $1.3 million, 19¢ per share.
Comparative results are unavailable, as this quarter represents Mavrix’s third quarterly report prepared as a public company.
Total assets under management at quarter end totaled $368 million, up from $327.8 million at the end of June.
During the first nine months of 2004, Total assets under management and administration grew from $345.3 million as at December 31, 2003 to $532.4 million at September 30, 2004, or 54% growth.
Total revenues for the nine months ended September 30 were $4.3 million.
http://www.newswire.ca/en/releases/archive/November2004/08/c9955.html
Mavrix posts third-quarter loss
- By: IE Staff
- November 8, 2004 November 8, 2004
- 14:20