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Pinetree Capital Ltd Announces Unaudited Financial Results For The Period Ended June 30, 2023
TORONTO, ON / ACCESSWIRE / July 28, 2023 / Pinetree Capital Ltd. (TSX:PNP) ("Pinetree" or the "C...
About this update from Pinetree Capital Ltd.
[{"type":"text","content":"Pinetree Capital Ltd Announces Unaudited Financial Results For The Period Ended June 30, 2023TORONTO, ON / ACCESSWIRE / July 28, 2023 / Pinetree Capital Ltd. (TSX:PNP) (\"Pinetree\" or the \"Company\") today announced its financial results for the three month period ended June 30, 2023. 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, 2023The 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, 2022, which can be found on SEDAR at www.sedar.com.Selected Financial Information As at June 30, 2023 As at December 31, 2022Total assets$42,525 $40,062Total liabilities 414 443Book Value 42,111 39,619Shares outstanding 9,387,000 9,387,000Book Value per share (BVPS)$4.49 $4.22 Shares Outstanding Equity Book Value per share (BVPS)1 Quarterly Expenses Expenses as a percentage of BV1 $000's $ $000's %Jun-30-23 9,387,000 42,111 4.49 260 0.6Mar-31-23 9,387,000 39,056 4.16 283 0.7Dec-31-22 9,387,000 39,619 4.22 275 0.7Sep-30-22 9,387,000 36,550 3.89 293 0.8Jun-30-22 9,387,000 37,644 4.01 230 0.6Mar-31-22 9,387,000 35,779 3.81 337 0.9Dec-31-21 9,387,000 38,439 4.09 226 0.6Sep-30-21 9,387,000 38,547 4.11 263 0.71Refer to \"Use of Non-IFRS Financial Measures\"2Shares 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, 2023, Pinetree's equity was $42,111 as compared to $39,619 as at December 31, 2022. This resulted in Pinetree's BVPS increasing from $4.22 as at December 31, 2022 to $4.49 as at June 30, 2023. The change represents an increase of $0.27 or 6% in the year to date.As at June 30, 2023, the Company held equity investments at fair value totaling $32,001, which represented 76% of book value. This compares to equity investments at fair value of $31,145 representing 79% of book value as at December 31, 2022.Earnings per share for the three months ended June 30, 2023 was $0.33 compared to earnings per share of $0.20 for the three months ended June 30, 2022.Expenses for the twelve...