Sprott Physical Platinum and Palladium Trust Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 15, 2018 at 04:42 pm EDT
Sprott Physical Platinum and Palladium Trust announced unaudited earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total loss of $2,108,640 compared to total income of $3,180,510 a year ago. Net loss and comprehensive loss was $2,430,551 compared to net income and comprehensive income of $2,894,916 a year ago. Decrease in total equity from operations per unit was $0.22 compared to increase in total equity from operations per unit of $0.21 a year ago.
For the six months, the company reported total loss of $10,609,011 compared to total income of $16,336,375 year ago. Net loss and comprehensive loss was $11,222,604 compared to net income and comprehensive income of $15,758,302 a year ago. Decrease in total equity from operations per unit was $0.94 compared to increase in total equity from operations per unit of $1.12 a year ago. Net cash used in operating activities was $561,267 compared to $543,745 year ago.