ETF Managers Group Commodity Trust I Reports Net Loss of $35.36 Million for the Year Ended June 30, 2023
Annual Revenue for the Year Ended June 30, 2023
ETF Managers Group Commodity Trust I [BDRY], a leading investment firm, has released its annual financial report for the year ended June 30, 2023. The report reveals a significant net loss of $35.36 million for the year. Despite the challenging market conditions, the company has managed to generate annual revenue of [TO BE FILLED WITH ACTUAL REVENUE FIGURE] during the period.
Financial Performance
In terms of financial performance, ETF Managers Group Commodity Trust I experienced a net loss of $35.36 million, compared to a net loss of $33.40 million in the previous year. The decrease in net income can be attributed to various factors, including the impact of realized and unrealized losses on investments. The company's investment activities resulted in a net realized gain of $30.61 million, offsetting some of the losses.