Crown Baus Capital Corp Reports Net Loss of $6.1 Million for the Year

Crown Baus Capital Corp. [CBCA] a leading investment company, has announced its financial results for the fiscal year ended April 30, 2021. The company reported a net loss of $6.1 million for the year, with no revenue generated during the period.

Financial Performance

The company's operating loss for the year was $6.1 million, a significant improvement compared to the previous year's operating loss of $205.4 million. Crown Baus Capital Corp's expenses decreased substantially, resulting in a lower net loss for the year. The company managed to reduce its expenses by cutting down on management and professional fees.