Sprott Physical Platinum and Palladium Trust Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
August 14, 2014 at 03:03 pm EDT
Sprott Physical Platinum and Palladium Trust reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total income of $16,311,741 against total loss of $41,312,152 a year ago. Net income and comprehensive income for the period was $15,583,759 or $0.62 per share against loss and comprehensive loss for the period of $41,786,805 or $1.49 per share a year ago. The value of the net assets of the Trust as of June 30, 2014 was $252.7 million or $9.99 per unit compared to $246.6 million or $8.85 per unit as at December 31, 2013.
For the six months, the company reported total income of $31,434,912 against total loss of $25,770,010 a year ago. Net income and comprehensive income for the period was $28,703,072 or $1.12 per share against loss and comprehensive loss for the period of $26,840,947 or $0.97 per share a year ago. Net cash used in operating activities was $1,075,836 against $1,754,272 a year ago.