MFS Capital Partners is reporting consolidated profits of $18.2 million while the company's profit was $5.2 million, both primarily related to inter company write-offs as well as external payables write-off.
The Consolidated Group earned no revenues for the period as the company had no operating portfolio companies.
The consolidated operating costs for the period was $43.2 million.
During the latter part of the year, MFS Acquisition purchased the 79% shares owned by Stocks & Securities.
It said the decision to purchase these shares was based on a long-term strategic objective to become a premier private equity company in both local and international markets.
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