Madison Pacific Properties Inc. announces the results for the year ended August 31, 2024

VANCOUVER, British Columbia, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Madison Pacific Properties Inc. (the Company) (TSX:MPC), a Vancouver-based real estate company announces the results of operations for the year ended August 31, 2024.

The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies.

For the year ended August 31, 2024, the Company is reporting a net loss of $44.2 million (2023: net income of $19.0 million); cash flows generated from operating activities before changes in non-cash operating balances of $11.4 million (2023: $9.5 million); and loss per share of $0.74 (2023: income per share of $0.31). Included in net loss is a provision of $51.5 million ...