Brownstone earns $5,000,000 in Q1($.33/share Brownstone earns $5.0-million in first quarter
Brownstone Ventures Inc (TSX-V:BWN)
Shares Issued 16,259,205
Last Close 11/11/2005 $1.24
Monday November 14 2005 - News Release
Mr. Sheldon Inwentash reports
BROWNSTONE VENTURES INC.'S RESULTS FOR THREE MONTHS ENDED SEPTEMBER 30, 2005; INVESTMENTS INCREASE 87.2% TO $10.3 MILLION FROM $5.5 MILLION
Brownstone Ventures Inc. has released its results for the three months ended Sept. 30, 2005.
The results are based upon the fair value method of accounting for investments.
Results for the three months ended Sept. 30, 2005 (compared with Sept. 30, 2004):
realized gain on disposal of investments increased to $483,806 as compared with $476,462 for the three months ended Sept. 30, 2004;
unrealized gains increased to $4,766,115 as compared with unrealized losses of $131,255 for the three months ended Sept. 30, 2004;
total expenditures were $211,735 as compared with $162,244 for the three months ended Sept. 30, 2004; and
net income was $5,044,822 (33 cents per share) as compared with net income of $182,963 (one cent per share) for the three months ended Sept. 30, 2004.