Gulf & Pacific Equities Corp. reports on First Quarter Results with Revenue of $1,087,886

Toronto, ON, May 24, 2024 (GLOBE NEWSWIRE) -- Gulf & Pacific Equities Corp. (TSX-V: GUF) an established company focused on the acquisition, management and development of anchored shopping centres in Western Canada, reports a 11.5% increase in revenues to $1,087,886 in the quarter ended March 31, 2024, from $975,248 at the same period last year.

Details of the three months financial results for fiscal 2024 and 2023 under International Financial Reporting Standards (IFRS), as summarized below, are also available at www.sedar.com or the company's website www.gpequities.com.

		Three Months Ended
		(Unaudited)
		March 31,
			2024			2023
Revenue		$	1,087,886		$	975,248
Net Income (Loss) before fair value adjustment,
other income items and income taxes		$	(46,490	)	$	(62,043	)
Net Income (Loss) before fair value adjustment
other income items and income taxes per share – basic and diluted		$	-		$	-
Net Income and Comprehensive Income		$	(32,418	)	$	108,018
Net Income and Comprehensive Income
per common share – basic		$	-		$	0.01
Net Income and Comprehensive Income
per common share – diluted		$	-		$	-
Weighted average number of common
shares outstanding – basic			21,290,685			21,290,685
Weighted average number of common
shares outstanding – diluted			21,930,408			21,950,791

About Gulf & Pacific Equities Corp.