New Gold Issuer (RF) Limited reported has reported revenue growth of 40.7 percent according to the company’s annual financial statements for the year ended March 31, 2014 submitted at the Nigerian Stock Exchange (NSE).
Its revenue rose to 109.764m rand in 2014 from N78.030m rand in 2013. Profit before tax (PBT) rose by 37.8 percent to 88.509m rand in 2014 from 64.243m rand in 2013.
The company recorded 31.5 percent rise in profit for the year which stood at 63.703m rand in 2014 from 48.455m rand in 2013.
The Company, which operates principally in South Africa, is engaged as a structured entity to conduct an exchange traded fund (ETF). The Company enables investors to invest in debt instruments, the value of which tracks the price of Gold bullion, Platinum and Palladium (Precious Metals).
