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FY2017 Annual Report: Central Fund of Canada Class U reports for year-ended 31 October 2017 Corporate Wire Date: 20 November 2018 02:35 EST

Nov 20, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

Central Fund of Canada Class U (TSX:CEF.U), reported for the year-ended 31 October 2017

Major changes compared with previous year:

Unfavourable Changes:

- Current ratio down 67% from 19.1 to 6.3

- Retained earnings to total assets down from 31.1% to 29.2%

- Working capital to total assets down from 0.9% to 0.4%

- Operating Cash Flow is negative

- Sales revenue down 64% from $US119,828 to $US42,543

Note:

- Total non-curr...