CoinShares International Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 31, 2022 at 09:30 pm IST
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CoinShares International Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was GBP 10.81 million compared to GBP 18.39 million a year ago. Net income was GBP 4.29 million compared to net loss of GBP 489.88 million a year ago. Basic earnings per share from continuing operations was GBP 0.06 compared to basic loss per share from continuing operations of GBP 7.23 a year ago. Diluted earnings per share from continuing operations was GBP 0.06 compared to diluted loss per share from continuing operations of GBP 7.23 a year ago.
For the nine months, sales was GBP 42.71 million compared to GBP 55.06 million a year ago. Net income was GBP 5.97 million compared to net loss of GBP 1,869.11 million a year ago. Basic earnings per share from continuing operations was GBP 0.09 compared to basic loss per share from continuing operations of GBP 28.27 a year ago. Diluted earnings per share from continuing operations was GBP 0.08 compared to diluted loss per share from continuing operations of GBP 28.27 a year ago.
CoinShares International Limited is an investment company specializing in digital assets. The Company provides a range of financial services across investment management, trading, and securities to range of clients that include corporations, financial institutions, and individuals. The Company operates three core operating segments: Asset Management, Capital Markets, and Principal Investments. The Companyâs products include CoinShares Physical ETPs and XBT Provider ETPs. CoinShares offers a wide range of physical crypto ETPs, providing investors with the opportunity to gain exposure to a diverse set of digital assets curated and tracked by CoinSharesâ Research Team. The Company also offers hedge fund solutions. It specializes in asset allocation, investment, risk management, market analysis, legal, compliance and accounting for digital assets. The Company offers in-house trading technology platform to its capital markets activities.