Sprott Physical Platinum and Palladium Trust Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
For the nine months, the company's negative income was $38.0 million compared with income of $4.5 million a year ago. Net loss and comprehensive loss was $39.3 million compared with net income and comprehensive income of $2.6 million a year ago. Decrease in total equity from operations per unit was $1.90 compared with increase in total equity from operations per unit of $0.10 a year ago. Net cash used in operating activities was $1.1 million compared with $1.7 million a year ago. The Trust's net asset value per unit on September 30, 2015 was $6.92.