Barrack St Investments Limited Announces Earnings Results for the Half Year Ended December 31, 2017
February 25, 2018 at 11:12 pm EST
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Barrack St Investments Limited announced earnings results for the half year ended December 31, 2017. For the period, the company reported revenue of AUD 784,692 compared to AUD 1,144,185 a year ago. Profit before income tax was AUD 497,343 compared to AUD 783,726 a year ago. Profit after income tax was AUD 313,923 compared to AUD 584,169 a year ago. Total comprehensive income for the period was AUD 1,556,940 compared to loss of AUD 540,135 a year ago. Basic and diluted earnings per share were 1.71 cents compared to 3.19 cents a year ago. Net cash used in operating activities was AUD 4,129 compared to AUD 489,781 a year ago. Payments for investments were AUD 6,309,038 compared to AUD 7,974,818 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 
