Crypto Blockchain Industries Announces Its Preliminary Consolidated Results For The First Half Of Fiscal Year 2022-2023 Ended September 30, 2022. Preliminary Consolidated Revenues Are €2.4 Million Compared To €0.5 Million In The First Half of 2021-2022, mainly with licenses and services concluded with partners Chain Games and Cornucopias. The current operating result is positive for 0.6 million euro, compared to 0.1 million euro in the first half of 2021-2022. The net loss reached €0.7 million, reflecting the change in 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 creation of new universes and partnerships, especially in football. As at 30 September 2022, the group has 582.7 thousand available. IFRS 16 (restatement of leases) was applied which resulted in the recognition of assets 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 portfolios of the Company. The preliminary consolidated shareholders’ equity attributable to the Group amounted to 16.7 million euros as at 30 September 2022. The change is due to the profit for the 2021-2022 financial year, the capital contributions made by Ker Ventures, EURL during the period, to the private placement of shares in October 2021, all less the redemption price of the warrant issued in favor of the Atari Group, pursuant to the agreement dated March 30, 2022.
For the 2022-2023 fiscal year (ending March 31, 2023), CBI intends to continue developing the AlphaVerse to become a major Web 3.0 player globally. For fiscal 2022-2023, CBI aims to achieve significant growth in its community, ensuring the growth of its future businesses. Revenue and results levels for 2022-2023 will depend on the pace of opening universes and how well NFT pre-sales are progressing for these projects. In a very volatile market environment, these levels remain difficult to predict at this stage. All employees are focused on the development of AlphaVerse, both from a technological point of view and on the implementation of new partnerships, especially in the field of football.