Aberdeen Reports Q1 Revenues Of $4.0 Million, Net Income Of $3.3 Million

Aberdeen International (TSX: AAB) this morning released its first quarter financial results. The company reported total revenue of $4.0 million, along with a net income of $3.3 million for the three month period ended April 30, 2021.

Revenue during the quarter was comprised of $3.9 million from net investment gains, while $0.1 million came from interest income. Revenue was up significantly from the year ago period, wherein the company reported revenues of $1.8 million, with a net income of $1.6 million.

Expenses during the quarter meanwhile amounted to $0.7 million, comprised largely of operating, general and administrative expenses. The company as a result posted a net income of $3.3 million for the three month period.

Looking to the balance sheet, the company has seen notable improvements in its assets. While public investments fell from $10.6 million to $9.2 million, the company saw its private investments rise in value from $17.7 million to $27.2 million. The rise in value follows the successful Nasdaq IPO of Flora Growth Corp. The company also saw success in its recent investment in AMMPower Corp, as well as a rise in value of Brazil Potash.

The company also indicated this morning that it remains focused on clean energy, with a focus on the hydrogen space.

Aberdeen International last traded at $0.265 on the TSX.


FULL DISCLOSURE: Aberdeen International is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Aberdeen International on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Aberdeen Sees Investee Receive Key Equipment For Further Hydrogen Testing

Aberdeen International (TSX: AAB) has seen its investee AES-100 continue down the path of developing...

Monday, January 31, 2022, 08:24:25 AM

Aberdeen Sees Hydrogen-Focused Investee Develop Novel Tech For Gas Extraction

Aberdeen International (TSX: AAB) has seen the continued development of one of its minority investments,...

Thursday, September 9, 2021, 08:13:47 AM

Medivolve Sees Aberdeen International, Sulliden Mining Take Major Positions In Equity

Medivolve Inc (NEO: MEDV) has a new major holder of its equity. Last night, Aberdeen...

Friday, July 16, 2021, 08:05:41 AM

Aberdeen International Appoints Christopher Younger As CEO

Aberdeen International (TSX: AAB) has appointed a new CEO of the company in connection with...

Thursday, April 22, 2021, 07:16:25 AM

Aberdeen International To Study Nuclear Plants For Potential Hydrogen Production

Aberdeen International (TSX: AAB) this morning revealed that it is looking into the application of...

Thursday, April 8, 2021, 08:11:10 AM