Flow Capital, a Canadian investment company, has announced its financial results for the second quarter of 2024. The company reported a significant increase in its net asset value (NAV) per share, which grew by 12.5% to $1.41 compared to the same period last year. This growth was driven by the company’s investment strategy, which focuses on identifying undervalued assets and deploying capital to maximize returns.
Flow Capital’s Q2 2024 results also showed a 14.3% increase in its total assets under management (AUM) to $143.5 million. The company’s investment portfolio continues to perform well, with a 12.1% increase in its net investment income to $1.4 million. This growth is attributed to the company’s diversified portfolio, which includes investments in various sectors such as technology, healthcare, and financial services.
The company’s management remains optimistic about the future, citing a strong pipeline of investment opportunities and a robust financial position. Flow Capital’s Q2 2024 results highlight its ability to generate consistent returns for its shareholders, reinforcing its position as a leading investment company in Canada.