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Advanced Blockchain AG
Business and Financial Review • Nov 23, 2021
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Business and Financial Review
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News Details
Corporate | 23 November 2021 08:55
Advanced Blockchain AG: Expects Higher Income Due to Shifts in Digital Assets
DGAP-News: Advanced Blockchain AG / Key word(s): Forecast/Cryptocurrency / Blockchain
23.11.2021 / 08:55
The issuer is solely responsible for the content of this announcement.
Advanced Blockchain AG (Frankfurt, primary market Düsseldorf, XETRA: ISIN DE000A0M93V6) expects an increased profit for the year compared to the communicated half-year result due to rebalancing of its digital asset portfolio. The balance sheet income will amount to at least a mid-single-digit million EUR amount before taxes within the Advanced Blockchain Group.
This rebalancing of crypto assets acquired by the organization in the years 2017 to 2020, will result in the ability to make new investments in more currently promising digital assets in a timely manner. A reduction of investments in digital assets overall is not planned, as Advanced Blockchain AG continues to assume a dynamic development of the market.
Reallocations will be made over an extended period of time, potentially extending into the next fiscal year, depending on market conditions across centralized and decentralized exchanges for crypto assets.
For more information on Advanced Blockchain AG and its projects and investments, please visit www.advancedblockchain.com .
23.11.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Advanced Blockchain AG |
| Scharnhorststraße 24 | |
| 10115 Berlin | |
| Germany | |
| Phone: | +4930403669510 |
| Fax: | 030403669511 |
| E-mail: | [email protected] |
| Internet: | www.advancedblockchain.com |
| ISIN: | DE000A0M93V6 |
| WKN: | A0M93V |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1251218 |
| End of News | DGAP News Service |