08:32 AM EDT, 04/26/2024 (MT Newswires) -- Gulf & Pacific Equities (GUF.V) on Friday said its fourth quarter income narrowed as revenue stayed constant.

The developer of anchored shopping malls in Western Canada, on Friday reported net income of $0.5 million, or $0.02 per diluted share, compared with $1.5 million, or $0.07 per diluted share.

The company recorded revenue of $1.26 million, compared with $1.27 million, in the year-ago quarter.

Gulf & Pacific said it leased premises at Tri-City Mall in Cold Lake Alberta to new tenants Western Financial Group (Network).