Sprott Physical Platinum and Palladium Trust Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2017
Sprott Physical Platinum and Palladium Trust reported unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported income of $13,155,865 compared to $3,251,351 a year ago. Net income and comprehensive income was $12,863,386 compared to $2,981,236 a year ago. Increase in total equity from operations per unit was $0.90 against $0.20 a year ago. Net cash used in operating activities was $258,151 compared to $1,219,010 a year ago. The Trust’s net asset value per unit on March 31, 2017 was $7.89 compared to $7.01 per unit as at December 31, 2016.