Crown Baus Capital Corp Reports Net Loss of $21.7 Million for the Year

Crown Baus Capital Corp. [CBCA] a leading investment company, has recently released its annual financial report for the year ended April 30, 2022. The company reported a net loss of $21.7 million for the year, indicating a challenging financial period.

Financial Performance

Despite the absence of any revenue information in the financial statements, the company's operating expenses amounted to $21.7 million, resulting in an operating loss of the same magnitude. This represents a significant increase in loss compared to the previous year's figure of $6.1 million, indicating a deteriorating financial performance.