Djerriwarrh Investments Limited Announces Earnings Results for the Half Year Ended December 31, 2017
January 17, 2018 at 05:45 pm EST
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Djerriwarrh Investments Limited announced earnings results for the half year ended December 31, 2017. For the half year, the company reported revenue of AUD 17,481,000 against AUD 16,088,000 a year ago. Income from operating activities was AUD 20,193,000 against AUD 21,057,000 a year ago. Operating result before income tax expense was AUD 17,132,000 against AUD 17,915,000 a year ago. Net operating result for the half-year was AUD 16,353,000 against AUD 16,663,000 a year ago. Profit for the half-year was AUD 11,907,000 against AUD 12,376,000 a year ago. Basic earnings per share were AUD 5.42 against AUD 5.66 a year ago. Net cash inflow from operating activities was AUD 21,721,000 against AUD 26,869,000 a year ago.
Djerriwarrh Investments Limited is an Australia-based investment company. The Company is engaged in Australian equities with a focus on stocks where there is an active options market. The Company uses exchange-traded options to enhance income returns for investors. The Company seeks to provide an enhanced level of fully franked income that is higher than what is available from the S&P/ASX 200 index. The enhanced dividend yield is achieved through a bias to investing in higher dividend yielding companies, as well as using option strategies to generate additional income and realized capital gains. The Company invests in various sectors, including other financials, banks, industrials, materials, healthcare, consumer discretionary, consumer staples, real estate, communication services, energy, information technology, and cash.