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Wednesday, March 31, 2021 2:22:34 AM
SOL Global Provides Audited Financials for Year Ended November 2020
Audited Year-End Results
For the year-ended November 30, 2020, the Company recorded a positive net income of $98 million VS Year-end November 30, 2019 loss of ($103) million. This represents a favourable change of $201.4 million.
Total gain from investments totalled $139.0 million for the year-ended November 30, 2020, compared to loss of ($113.2) million for the eight-month period ended November 30, 2019. This represents a favourable change of $252.2 million between periods.
The Net Asset Value ("NAV") per share is equal to $3.51 at November 30, 2020 VS $1.70 at November 30, 2019.
SOL Global has significantly strengthened its asset base as compared to previous years when market multiples were higher. The gains reported in the financial statements are reflective of material operational improvements and growth in the underlying investments.https://finance.yahoo.com/news/sol-global-provides-audited-financials-004500572.html
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