Brief: CBI End-Sept Preliminary Net Result Turned To Loss Of EUR 0.7 Mln

Crypto Blockchain Industries SA

15/11/2022 07:38

Nov 15 (Reuters) - CRYPTO BLOCKCHAIN INDUSTRIES SA
 ALCBI.PA :
    * PRELIMINARY RESULTS FOR FIRST HALFOF 2022-2023 FINANCIAL
YEAR
    * END-SEPT PRELIMINARY CONSOLIDATED REVENUE: EUR 2.4
MILLION,
COMPARED TO EUR 0.5 MILLION IN H1 2021-2022
    * END-SEPT PROFITABLE CURRENT OPERATING PROFIT: EUR 0.6
MILLION,
COMPARED TO EUR 0.1 MILLION IN H1 2021-2022
    * END-SEPT SMALL NET LOSS, EUR (0.7) MILLION COMPARED TO EUR
0.1
MILLION IN H1 2021-2022
    * CONTINUATION OF DEVELOPMENT STRATEGY FOCUSED ON VARIOUS
WEB3.0
AND ALPHAVERSE PILLARS, WITH IMPLEMENTATION OF NEW UNIVERSES AND
PARTNERSHIPS NOTABLY IN FOOTBALL
    * CRYPTO BLOCKCHAIN INDUSTRIES (CBI) IS NOT EXPOSED TO
SITUATION
IN RUSSIA AND UKRAINE
    * CBI HAS NO SUPPLIERS, CUSTOMERS, EMPLOYEES, AFFILIATES OR
FINANCIAL TIES TO RUSSIA AND UKRAINE
    * XAVE WORLD: ACQUISITION IS EXPECTED TO BE COMPLETED BY
MARCH 31,
2023
    * INTENDS TO CONTINUE TO DEVELOP ALPHAVERSE TO BECOME ONE OF
LEADING WEB3.0 PLAYERS WORLDWIDE
    * FOR 2022-2023 FINANCIAL YEAR, CBI'S OBJECTIVE IS TO
ACHIEVE
SIGNIFICANT GROWTH IN ITS COMMUNITY, WHICH WILL ENSURE GROWTH OF
ITS FUTURE ACTIVITIES
    * REVENUE AND PROFIT LEVELS FOR 2022-2023 WILL DEPEND ON
PACE AT
WHICH UNIVERSES ARE OPENED AND PROGRESS OF PRE-SALES OF NFTS
LINKED TO THESE UNIVERSES

Source text for Eikon:  ID:nGNE5FP9MP 
Further company coverage:  ALCBI.PA 
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