NewGold Issuer reports $1.77m H1’15 profit

NewGold Issuer Limited, a special purpose (SP) company registered in South Africa has reported $1.77million (about N354million) profit for the half-year (H1) period to June 30, 2015. In the first-quarter to March 31, 2015, it reported profit of $8.67million (about N1.734billion).

NewGold Exchange Traded Fund (ETF), launched by Absa Capital and issued by NewGold Issuer Limited (a special purpose company operating the Exchange Traded Fund) is listed on the Nigerian Stock Exchange (NSE) and it offers a broad exposure for individual and institutional investors on Gold Bullion Securities.

The special purpose company revenue for the half-year period stood at $2.662million (about N532.4million). In the first-quarter to March 2015, the Issuer’s revenue was $13.33million (N2.66billion).

NewGold Issuer Limited is set up to issue Gold Bullion Securities. Gold Bullion Securities (GBS) 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.

The half-year result of NewGold Issuer Limited released at the Nigerian Stock Exchange shows its basic Earnings Per Share (EPS) stood at 1.765 cents. As at March 31, 2015 the company’s EPS was 8.670 cents.

NewGold, Africa’s largest ETF, is the best performing ETF on the continent over five years. It is listed on Ghana Stock Exchange (GSE), Johannesburg Stock Exchange (JSE), Nigerian Stock Exchange, and that of Botswana.

Absa Capital, the corporate and investment banking division of Absa Bank Ltd and affiliated with Barclays, today listed the first ever Exchange Traded Fund (ETF) on the Ghana Stock Exchange (GSE), making it the fourth African bourse to list the NewGold ETF after South Africa, Botswana and Nigeria. Four hundred thousand NewGold shares were listed on the GSE.