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Pinetree Capital Ltd Announces Unaudited Financial Results For The Period Ended June 30, 2022
TORONTO, ON / ACCESSWIRE / August 11, 2022 / Pinetree Capital Ltd. (TSX:PNP) ("Pinetree" or ...
About this update from Pinetree Capital Ltd.
[{"type":"text","content":"Pinetree Capital Ltd Announces Unaudited Financial Results For The Period Ended June 30, 2022TORONTO, ON / ACCESSWIRE / August 11, 2022 / Pinetree Capital Ltd. (TSX:PNP) (\"Pinetree\" or the \"Company\") today announced its financial results for the three months ended June 30, 2022. All financial information provided in this press release is unaudited and all figures are in $'000 except per share amounts and shares outstanding.Unaudited financial results for the period ended June 30, 2022The following information should be read in conjunction with our annual audited Consolidated Financial Statements, prepared in accordance with International Financial Reporting Standards (\"IFRS\") and our annual Management Discussion and Analysis for the year ended December 31, 2021, which can be found on SEDAR at www.sedar.com.Selected Financial Information As at June 30, 2022 As at December 31, 2021 Total assets $37,970 $38,851 Total liabilities 326 412 Book Value 37,644 38,439 Shares outstanding 9,387,000 9,387,000 Book Value per share (BVPS) $4.01 $4.09 Shares Outstanding Equity Book Value per share (BVPS)1 Quarterly Expenses Expenses as a percentage of BV1 $000's $ $000's Jun-30-22 9,387,000 37,644 4.01 230 0.6 Mar-31-22 9,387,000 35,779 3.81 337 0.9 Dec-31-21 9,387,000 38,439 4.09 226 0.6 Sep-30-21 9,387,000 38,547 4.11 263 0.7 Jun-30-21 9,420,198 39,480 4.19 216 0.5 Mar-31-21 4,710,099 21,904 4.65 217 1.0 Dec-31-20 4,522,599 19,101 4.22 132 0.7 Sep-30-20 4,522,599 16,493 3.64 114 0.7 1 Refer to \"Use of Non-IFRS Financial Measures\"Shares Outstanding and Equity amounts are as at the Quarter End date. Expense amounts are for the Three months ending the Quarter End dateAs at June 30, 2022, Pinetree's equity was $37,644 as compared to $38,439 as at December 31, 2021. This resulted in Pinetree's BVPS decreasing from $4.09 as at December 31, 2021 to $4.01 as at June 30, 2022. The change represents a decrease of $0.08 or 2% in the year to date.As at June 30, 2022, the Company held equity investments at fair value totaling $28,190, which represented 75% of book value. This compares to equity investments at fair value of $24,703 representing 64% of book value as at December 31, 2021.Earnings per share for the three months ended June 30, 2022 was $0.20 compared to earnings per share of $0.04 for the three months ended June 30, 2021.Expenses for t...