from CoinIX GmbH & Co. KGaA (isin : DE000A2LQ1G5)
EQS-Adhoc: coinIX GmbH & Co. KGaA : coinIX publishes 2024 half-year financial report | Significant revenue increase compared to the previous year | Realization of hidden reserves now in the second half of 2024
EQS-Ad-hoc: coinIX GmbH & Co. KGaA / Key word(s): Half Year Report/Cryptocurrency / Blockchain
coinIX GmbH & Co. KGaA : coinIX publishes 2024 half-year financial report | Significant revenue increase compared to the previous year | Realization of hidden reserves now in the second half of 2024
26-Sep-2024 / 22:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The intrinsic value of the portfolio was determined to be EUR 10.8 million as of June 30, 2024, and it reached a peak of EUR 16 million in the first half of 2024. Compared to the book value of the assets shown on the balance sheet, which amounts to EUR 6.5 million, there are therefore hidden reserves.
The company had initially intended to realize part of these hidden reserves, amounting to more than EUR 5 million, in March 2024 as part of the contribution of liquid cryptocurrencies into a special fund. However, the contribution process was reversed due to an adjustment in valuation and was redone effective August 30, 2024. The re-execution in the second half of the year does not affect the performance or the composition of the company's portfolio. In light of the declining price trend of liquid cryptocurrencies since March 2024, the realization of the hidden reserves will result in a comparatively smaller earnings contribution in the financial statements under German GAAP (HGB). This earnings contribution, which will now be recognized in the second half of 2024, amounts to EUR 1.6 million. Overall, the company continues to expect a positive net profit for the fiscal year 2024.
End of Inside Information
26-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: | English |
Company: | coinIX GmbH & Co. KGaA |
Ludwig-Erhard-Str. 1 | |
20459 Hamburg | |
Germany | |
Phone: | +49-40-4011555-0 |
E-mail: | mail@coinix.capital |
Internet: | https://coinix.capital/ |
ISIN: | DE000A2LQ1G5 |
WKN: | A2LQ1G |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich |
EQS News ID: | 1996665 |
End of Announcement | EQS News Service |
1996665 26-Sep-2024 CET/CEST