{"id":52864,"date":"2024-01-27T01:15:06","date_gmt":"2024-01-27T01:15:06","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/gt-holdings-announces-results-for-financial-year-ended-september-30-2023\/"},"modified":"2024-01-27T01:15:06","modified_gmt":"2024-01-27T01:15:06","slug":"gt-holdings-announces-results-for-financial-year-ended-september-30-2023","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/gt-holdings-announces-results-for-financial-year-ended-september-30-2023\/","title":{"rendered":"GT HOLDINGS ANNOUNCES RESULTS FOR FINANCIAL YEAR ENDED SEPTEMBER 30, 2023"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p>TORONTO, ONTARIO, Jan.  26, 2024  (GLOBE NEWSWIRE) &#8212; GT Holdings Corp. (the \u201c<strong>Company<\/strong>\u201d), a company based in Toronto, Ontario, today announced it has filed its audited consolidated financial statements (the \u201c<strong>Financial Statements<\/strong>\u201d) for the twelve-month period ended September 30, 2023 (the \u201c<strong>Reporting Period<\/strong>\u201d) and the twelve-month period ended September 30, 2022 (the \u201c<strong>Prior Period<\/strong>\u201d).<\/p>\n<p align=\"justify\">For a summary of the financial results see the Selected Annual Financial Highlights set out below, as well as more detailed information contained in the Financial Statements and related management discussion and analysis, which are available on the Company\u2019s SEDAR+ page at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hPE_FdHeByx_ZXELwLsznILW4vOG3dG5P53uWVTtv15xyKxmU47DgeCyYa-ksRI17n4QITOPqBixE6dSvA8fJ-eO47SdN-AE2Y6hgLSsOQ4=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.sedarplus.com\">www.sedarplus.com<\/a>.<\/p>\n<p align=\"justify\"><strong><u>SELECTED ANNUAL FINANCIAL HIGHLIGHTS<\/u><\/strong><\/p>\n<p>Selected annual financial information for the Company during the Reporting Period and the Prior Period included:<\/p>\n<table align=\"center\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: top ; \">\u00a0\u00a0\u00a0<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; text-align: center ;  vertical-align: middle; \"><strong>September 30, 2023<\/strong><\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; text-align: center ;  vertical-align: middle; \"><strong>September 30, 2022<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><strong>Total Revenue and other income (loss)<\/strong><\/td>\n<td colspan=\"3\" style=\"border-left: solid black 1pt ; border-top: solid black 1pt ; border-right: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><strong><em>\u00a0\u00a0<\/em><\/strong><\/td>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"><em>Revenue<\/em><\/td>\n<td colspan=\"3\" style=\"border-left: solid black 1pt ; border-right: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">Nil.<\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">Nil.<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-right: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><em>Other Income<\/em><\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$2,997<\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$9,899<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-right: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><em>Equity pickup from investments in associates<\/em><\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">Nil.<\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">Nil.<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-right: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><em>Other Losses<\/em><\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$(2,592)<\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$(4,124)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-right: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><em>Change in realized\/ unrealized gain (loss) from investments held at fair value through profit or loss.<\/em><\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$(879,983)<\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$(4,585,765)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: top ; \"><strong>Earnings (loss) per share (Basic &amp; Diluted)<\/strong><\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$(0.184)\u00a0<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$(0.624)\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: top ; \"><strong>Total Assets<\/strong><\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$4,167,360\u00a0<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$6,515,898\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: top ; \"><strong>Total Liabilities<\/strong><\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$206,736<br \/>\u00a0<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$186,003<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><strong>Distributions \/ Cash Dividends<\/strong><\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-right: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><em>Class A voting common shares<\/em><\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$Nil.<\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$Nil.<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><em>Class B non-voting common shares<\/em><\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$982,366<\/td>\n<td colspan=\"3\" style=\"border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">$Nil.<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><strong>ABOUT GT HOLDINGS CORP.<\/strong><\/p>\n<p align=\"justify\">GT Holdings Corp. is a holding company that maintains the investment assets and liabilities spun-out of Globalive Technology Inc. on February 10, 2021. Globalive Technology Inc. was a software company and venture partner that focused on developing and investing in innovative solutions to disrupt traditional industries.<\/p>\n<p><strong>FOR FURTHER INFORMATION, PLEASE CONTACT: <\/strong><\/p>\n<p>Simon Lockie<br \/>Chief Corporate Officer<br \/>1-647-977-2727<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ydSp_gw3NjqNc5jp8S-cL6DbSsKKEPn1u2RG2CpbWoE-q8yEcxXMMYHTnj-3Qo1xyWCWA3mEKpZ2DjctBddGmeBpvgqrCi5J5pV3ADXZy5G1DAWH7BrSOGUdfnzphEpgjv7HpVM8xWtxHazgJo8nww==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"InvestorRelations@globalivetech.com\">InvestorRelations@globalivetech.com<\/a><\/p>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, ONTARIO, Jan. 26, 2024 (GLOBE NEWSWIRE) &#8212; GT Holdings Corp. (the \u201cCompany\u201d), a company based in Toronto, Ontario, today announced it has filed its audited consolidated financial statements (the \u201cFinancial Statements\u201d) for the twelve-month period ended September 30, 2023 (the \u201cReporting Period\u201d) and the twelve-month period ended September 30, 2022 (the \u201cPrior Period\u201d). For [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":52865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/media\/NTVkZmI3N2ItYTExMC00MTIyLTg5MzMtZDFjYzIwNmViMjk3LTUwMDA3OTMyNQ==\/tiny\/GT-Holdings-Corp-.png","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-52864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/52864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=52864"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/52864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/52865"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=52864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=52864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=52864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}