Barrack St Investments Limited Announces Audited Earnings Results for the Year Ended June 30, 2017
August 24, 2017 at 08:15 pm EDT
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Barrack St Investments Limited announced audited earnings results for the year ended June 30, 2017. For the year, the company reported revenue of AUD 400,085 compared to AUD 452,492 a year ago. Profit before income tax was AUD 858,750 compared to AUD 1,665,875 a year ago. Profit after income tax was AUD 692,517 compared to AUD 1,247,044 a year ago. Total comprehensive loss for the year was AUD 67,238 compared to income of AUD 2,100,111 a year ago. Basic and diluted earnings per share were 3.90 cents compared to 7.76 cents a year ago. Net cash used in operating activities was AUD 730,125 compared to AUD 57,430 a year ago. Payments for investments were AUD 14,188,273 compared to AUD 18,953,778 a year ago.
ECP Emerging Growth Limited is an Australia-based investment company. The principal activity of the Company is investing in a diversified portfolio of quality small to mid-cap companies listed on the Australian Securities Exchange. Its investment objectives of the Company are to achieve medium to long-term capital growth and income through investing in a diversified portfolio of small and mid-cap Australian companies, to preserve and enhance the net tangible assets (NTA) backing per share and to provide Company Shareholders with a fully franked dividend which, overtime, will grow at a rate in excess of the rate of inflation. Its core business focuses on investing in Australian equities to achieve medium to long-term capital growth and income. The Company holds investments in various sectors, such as consumer discretionary, financials, information technology, telecommunications, health care, consumer staples, and industrials. Its investment manager is ECP Asset Management Pty Ltd.
ECP EMERGING GROWTH LIMITED 
