{"id":387156,"date":"2020-11-23T16:18:07","date_gmt":"2020-11-23T21:18:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387156"},"modified":"2020-11-23T16:18:07","modified_gmt":"2020-11-23T21:18:07","slug":"founders-advantage-achieves-record-quarterly-adjusted-ebitda-and-net-profit-at-q3-2020-due-to-a-record-quarterly-performance-by-dlc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/founders-advantage-achieves-record-quarterly-adjusted-ebitda-and-net-profit-at-q3-2020-due-to-a-record-quarterly-performance-by-dlc\/","title":{"rendered":"Founders Advantage Achieves Record Quarterly Adjusted EBITDA and Net Profit at Q3-2020 Due to a Record Quarterly Performance by DLC"},"content":{"rendered":"
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CALGARY, Alberta, Nov. 23, 2020 (GLOBE NEWSWIRE) — Founders Advantage Capital Corp. (TSX-V: FCF) (\u201cFAC\u201d or the \u201cCorporation\u201d) is pleased to report its financial results for the three and nine months ended September 30, 2020 (\u201cQ3-2020\u201d). For complete information, readers should refer to the consolidated financial statements and management discussion and analysis which are available on SEDAR at www.sedar.com<\/a> and on the Corporation\u2019s website at www.advantagecapital.ca<\/a>. All amounts are presented in Canadian dollars unless otherwise stated.\u00a0\u00a0<\/p>\n

Our subsidiaries are referred to herein as Dominion Lending Centres Limited Partnership (\u201cDLC\u201d), Club16 Limited Partnership operating as Club16 Trevor Linden Fitness (\u201cClub16\u201d), and Cape Communications International Inc. operating as Impact Radio Accessories (\u201cImpact\u201d). On September 30, 2019, FAC sold its 50% interest in Astley Gilbert Limited (\u201cAG\u201d). As a result of the AG sale, our results for the current and comparative period, are presented with the financial results of AG segregated in the statement of income as discontinued operations.<\/p>\n

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