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Canada's Helios Fairfax Partners Q3 net profit, investment income fall

By Reuters News


Overview

  • Canada investment holding company reported Q3 net profit down yr/yr

  • Q3 investment income declined compared to prior year

  • Book value per share rose for seventh consecutive quarter


Outlook

  • Company did not provide specific financial guidance for future quarters or full year in its press release


Result Drivers

  • FAIR VALUE GAINS - Co said Q3 investment income was driven by fair value gains on Trone and Helios Fund IV

  • DISTRIBUTIONS AND RETURNS OF CAPITAL - Distributions from Trone and returns of capital from Helios Fund IV exits affected portfolio value

  • MANAGEMENT FEES - Co generated $7.2 mln in management fees from alternative asset management business


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Profit

$4.30 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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