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Helios Fairfax Partners Corporation: Financial Results for the Year Ended December 31, 2020
03/05/2021 | 05:23pm EDT
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All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)
Helios Fairfax Partners Corporation (TSX: HFPC.U) (formerly Fairfax Africa Holdings Corporation ( Fairfax Africa )) announces fiscal year 2020 net loss of $206.6 million ($3.31 net loss per diluted share), compared to fiscal year 2019 net loss of $61.2 million ($1.01 net loss per diluted share), reflecting increased net realized losses on investments, transaction expenses and net foreign exchange losses in 2020.