on GOLD BY GOLD (EPA:ALGLD)
Gold by Gold Half-Year Performance 2024
Gold by Gold reported a significant improvement in its results in the first half of 2024. Revenue reached €5.5 million, marking an increase of 57% compared to the previous year. This increase was mainly due to the increase in gold trading volumes, which increased by 46%.
Gross margin amounted to €902K, compared to a loss of €70K in the first half of 2023, thanks to a rise in gold prices. Operating income showed a significant improvement, rising from -€479K to €573K, while consolidated net income stood at €477K.
Activities in France remain sluggish, particularly due to a strict legislative framework. However, the group's financial situation remains solid with equity of €3.3 million and financial debts limited to €131,000.
R. E.
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