For the nine-month period ended December 31, 2007, revenue was C$79.3 million, a decrease of 19%, compared to C$97.6 million for the nine-month period ended December 31, 2006.
Jovian reported a loss for the quarter ended December 31, 2007 of $1.9 million and a $4.7 million loss for the nine-month period, compared to net earnings of $1.9 and $2.2 million in earnings for the corresponding periods ended December 31, 2006.
Jason Mackey, CFO, said: Challenging market conditions during the third quarter continue to affect our investee companies. This environment, once again, had a significant impact on our investment dealer, MGI Securities.
