World Gold Trust Strikes Gold with $2.642 Million Revenue in Q4 2023 - ETF Company's Remarkable Financial Success Unveiled

World Gold Trust Shines Bright: How the ETF Company Garnered $2.642 Million Revenue in Q4 2023

Published / Modified Nov 23 2023
Goran Soko / CSIMarket.com

Over the past five days, the stock of World Gold Trust has experienced a 2.09% drop in value.
This decline contributes to the stock's year-to-date performance, which currently stands at 5.21%. Additionally, the stock is now 6% lower than its highest point over the past 52 weeks.

During the fiscal period that ended on September 30, 2023, GLDM, the parent company of World Gold Trust, announced revenue of $2.642 million.
This represents a significant increase from the previous fiscal year's revenue deficit of $415.594 million.
However, despite the positive improvement in revenue, World Gold Trust reported a net shortfall of $-127.092 million in the same fiscal period.
While this figure still indicates a deficit, it is a significant improvement compared to the previous year.

For the overall financial year 2023, GLDM reported a substantial income of $546.29 million, accompanied by a revenue of $0.00 million.
This represents a noteworthy increase in income compared to the previous financial year.
In terms of earnings per share, World Gold Trust recorded $3.56, a significant improvement from the previous year's $-2.23 per share.
The company's net income also saw a decrease of 0% from $-6.16 million in the prior year.

Looking ahead, World Gold Trust is expected to announce its next financial earnings on February 08, 2024.
This will provide further insight into the company's financial performance in the coming months.

In summary, despite the recent drop in stock value, World Gold Trust has shown positive advancements in revenue and income over the fiscal period.
The company's earnings per share have also seen a notable increase.
Investors and market watchers will eagerly anticipate the upcoming financial earnings report for a more comprehensive understanding of World Gold Trust's performance.

World Gold Trust's Dividend Growth

World Gold Trust's Income per Employee