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Capital régional et coopératif Desjardins's share price edges up to $17.80

Highlights as at June 30, 2024 Share price: $17.80, up $0.21 over December 31, 2023 Non-annualized return: 1.2% Non-annualized return for the Investments impacting the Québec economy portfolio: 2.8% Non-annualized return for the Other investments portfolio: 1.1% New amounts committed by CRCD and its partner funds: $75.1 million in 47 SMEs, cooperatives and funds. MONTREAL, Aug. 15, 2024 /CNW/ - Following the results of the six-month period ending June 30, 2024, Capital régional et coopératif Desjardins (CRCD) is announcing that as of today its share price is $17.80, which marks a $0.21 increase compared with its value at December 31, 2023. CRCD ended the first six months of 2024 with net earnings of $30.3 million, representing a non-annualized return of 1.2%. CRCD had net assets of $2,542 million as at June 30, 2024. The 2024 interim results are primarily from the Investments impacting the Québec economy portfolio and the Other investments portfolio, which generated non-annualized returns of 2.8% and 1.1%, respectively. Although the economy has recently picked up, the negative effects of the past year's challenging economic environment continue to weigh on some partner companies' profit margins, in turn affecting the performance of the Investments impacting the Québec economy portfolio. Meanwhile, most asset classes in the ...