NewGold Issuer Limited an issuer of Gold Bullion Securities, said its second quarter revenue for 2016 fell to USD2,4 million from USD11,9 million reported in the same quarter last year.
NewGold’s profit for the year fell by 80% to USD1,7 million compared to USD8,4 million recorded last year.
The company’s total assets stood at USD2,462 billion versus its total liabilities at USD2,461 billion.
Gold Bullion Securities are designed to track the spot gold price less fees. GBS provides investors the opportunity of investing in the gold bullion market without the necessity of taking physical delivery of gold.
