Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) for the year to date 2021, beat 2020 in commercial finance business growth and portfolio company unrealized capital gains. Both categories increased with a record high in total invoices, advances and fee income as well as share values of portfolio companies. Listed below are certain key statistics comparing January through December 2020 with the same period during 2021.
- Year to Date 2021 Unrealized Capital Gains: approximately US$4.2M. Same period 2020 was approximately US$10,000.
- Year to Date 2021 Total Invoices Funded: approximately US$51.3M. Same period 2020 was approximately US$32.8M.
- Year to Date 2021 Total Advances (cash) to Fund Invoices: approximately US$45.6M. Same period 2020 was approximately US$29.9M.
- Year to Date 2021 Total Fee Income from Fully Paid Invoices: approximately US$2.1M. Same period 2020 was approximately US$1.5M.
- Year to Date 2021 Total Fully Paid Invoice Count: approximately 3708. Same period 2020 was approximately 2436.
For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.