A year marked by advisory support amid economic uncertainty
Highlights as at December 31, 2023
Share price: $17.59, up $0.31 since December 31, 2022
Annual return: 1.8%
Return of Investments impacting the Quebec economy portfolio: 4.0%
Return of the Other investments portfolio: 5,1%
New amounts committed by CRCD and its partner funds: 252 million in 132 SMEs, cooperatives and funds.
MONTREAL, Feb. 15, 2024 /CNW/ – Despite an uncertain economic environment, Capital régional et coopératif Desjardins (CRCD) ended its 2023 financial year with $44.6 million in net earnings and a 1.8% return. Net assets have been maintained over the previous year, having reached $2,567 million as at December 31, 2023. These results bring the share value to $17.59 as at 12 p.m. today. That means the share price has risen by $0.31 since December 31, 2022 (a $0.16 drop compared with the first semester of 2023).
These annual returns are essentially the result of business investment activities and market investments. CRCD is seeking to achieve the right balance between driving Quebec’s economic development and providing shareholders with reasonable long-term returns. The financial asset management strategy is designed to have a balanced overall profile and mitigate ups and downs in the event of major market fluctuations or adverse events within partner companies. Over …
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