(Boursier.com) — Crypto Blockchain Industries announces its preliminary consolidated results for the first half of the 2022-2023 financial year, ended September 30, 2022. Preliminary consolidated revenue stands at 2.4 million euros compared to 0.5 million euros in the 1st half 2021-2022, mainly with licenses and services concluded with the partners Chain Games and Cornucopias. Current operating income was positive at €0.6 million, compared to €0.1 million in the 1st half of 2021-2022. The net loss reached 0.7 million euros, reflecting the change in the valuation of the cryptocurrency portfolio. The group mentions the continuation of the development strategy based on various pillars of Web3.0 and AlphaVerse, with the establishment of new universes and partnerships, particularly in football. As of September 30, 2022, the group has 582.7 thousand available. IFRS 16 (restatement of leases) was applied and resulted in the recognition of assets in the amount of 2.1 ME and a debt of 2.13 ME.
The Company has not deposited its assets on any exchange platform. These assets are held in the Company’s portfolios. Preliminary consolidated equity, Group share, amounted to €16.7 million as of September 30, 2022. The change is due to the profit for the 2021-2022 financial year, the asset contributions made by Ker Ventures, EURL during of the period, to the private placement of shares in October 2021, all less the redemption price of the warrant issued for the benefit of the Atari Group, under the agreement of March 30, 2022.
For fiscal year 2022-2023 (ending March 31, 2023), CBI intends to continue to develop AlphaVerse to become one of the leading Web3.0 players globally. For the 2022-2023 financial year, CBI aims to achieve significant growth in its community, guaranteeing the growth of its future activities. The levels of turnover and results for 2022-2023 will depend on the pace of opening of the universes and the degree of advancement of the pre-sales of NFTs related to these projects. In a very volatile market context, these levels remain difficult to predict at this stage. All employees are focused on the development of AlphaVerse, both technologically and on the implementation of new partnerships, particularly in the field of football.
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