May 31, 2016
TORONTO, ONTARIO – Fountain Asset Corp. (“Fountain Asset”) (TSX Venture Exchange “FA”) announces its financial results for the first quarter ending March 31, 2016.
- Three month revenue of $0.3 million compared to $0.4 million in 2015;
- Break-even first quarter compared to net income of $0.1 million in 2015;
- Portfolio of publicly traded companies increased to $5.5 million compared to $5.2 million at year end;
- Total assets of $12.9 million at the end of the quarter;
Management’s First Quarter Comments
For the quarter ended March 31, 2016, the Company reported net income of