Central Fund of Canada Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended April 30, 2016
Central Fund of Canada Limited reported unaudited earnings results for the second quarter and six months ended April 30, 2016. For the quarter, the company reported total income of $113 against $10,002 a year ago. Net loss from administrative activities was $2,886,354 against $2,683,356 a year ago. Net income, inclusive of the change in unrealized appreciation of holdings was $580.3 million compared to a net loss of $169.0 million for the comparable period in 2015.
For the six months, the company reported total income of $2,593 against $22,374 a year ago. Net loss from administrative activities was $5,828,640 against $5,355,016 a year ago. Net income, inclusive of the change in unrealized appreciation of holdings was $406.3 million compared to $46.4 million for the comparable period in 2015.