The UK-headquartered venture capital firm Coinsilium Group Ltd. has reported its latest financials for the six-month period ending June 30, 2018. The group has seen a notable uptick across its revenues and profits which took a massive step forward across a yearly basis.
This advance in financial metrics was attributed to developments internally, including the fees generated from its Token Sale Advisory Services, which quickly became revenue generative, and other channels.
For its part, Coinsilium managed to report a stronger revenue for the first half of 2018, coming in at £1.33 million over the January-June period. This is 13 times more than the £98,000 it earned during the same period in 2017.
The Difference Between Day Trading and Swing Trading in ForexGo to article >>
While its revenues did not disappoint, the operating profits at the London-based company were also able to build on the company’s success during the half-year interval, supported by more investments in early-stage blockchain companies. Indeed, operating profit was reported at £554,605, up from a loss of £205,378 in the H1 2017.
Coinsilium was established in 2014, and its shares are traded on the NEX Exchange Growth Market. In December 2017 it raised £720,000 ($959,338) by selling eight million of them.
Examples of Coinsilium investments include €200,000 ($233,610) to SatoshiPay, a Berlin-based company that processes Bitcoin micropayments. The investment was made in January 2016, and in August 2017 the holding was sold for €725,220 ($847,017).
Coinsilium launched a consultancy service in 2017, through which it advised many clients. These clients have so far raised approximately $500 million by selling their tokens. Coinsilium has also set up a private fund in Gibraltar to manage all of its own tokens and to develop a token-based alternative funding solution.