NewGold ETF: Equity issuer earns $2.6m at end-March 2023
NewGold Issuer Limited, the issuer of the exchange traded-fund (ETF) on the Ghana Stock Exchange (GSE), has recorded a total comprehensive income of $2.6m at the end of March 2023, according to its latest financial statement. While this represents a decline from the $3.4m total comprehensive income recorded in March 2022, the company’s strong financial position and stable dividend payments continue to make it an attractive investment option for shareholders.
Of the recorded income, $2.4m was paid as dividends to shareholders of the company, demonstrating the company’s commitment to delivering value to its investors. The company has a long history of consistent dividend payments, which has helped to build trust and loyalty among its shareholders.
Despite the decline in total comprehensive income, NewGold Issuer Limited remains a strong player in the Ghanaian market, with total assets value of $1.46bn at the end of March 2023. While this is a decline from the previous year’s total assets value of $1.54bn, the company’s continued investment in its business and ongoing efforts to expand its offerings position it for continued growth and success.
One area of strength for NewGold Issuer Limited is its liabilities, which amounted to $1.45bn in March 2023. This represents an improvement from the $1.54bn liabilities posted for March 2022, demonstrating the company’s ability to manage its debts and maintain a healthy financial position.
NewGold Issuer Limited’s ETF is an attractive investment option for investors seeking exposure to the gold market in Ghana. The ETF offers a low-cost, convenient way to invest in gold, which is an important asset class in times of economic uncertainty. As such, the company has seen continued interest from investors, with a growing number of shareholders seeking to take advantage of its stable dividend payments and strong financial position.
Looking ahead, NewGold Issuer Limited is well-positioned to continue its growth trajectory, with plans to expand its offerings and increase its market share. The company’s strong financial position, consistent dividend payments, and ongoing commitment to delivering value to its investors make it a solid investment option for those seeking exposure to the Ghanaian gold market.
