Barrack St Investments Limited Reports Earnings Results for the Half Year Ended December 31, 2016
February 26, 2017 at 10:39 pm EST
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Barrack St Investments Limited reported earnings results for the half year ended December 31, 2016. For the period, the company reported revenue of AUD 1,144,185 against AUD 501,553 a year ago. Profit before income tax was AUD 783,726 against loss of AUD 53,297 a year ago. Net profit after income tax for the period was AUD 584,169 against loss of AUD 85,067 a year ago. Total comprehensive loss for the period was AUD 540,135 against income of AUD 2,796,469 a year ago. Basic and diluted earnings per share based on net profit were 3.19 cents against basic and diluted loss per share based on net loss of 0.47 cents a year ago. Comprehensive loss per share was 2.95 cents against comprehensive earnings per share of 15.26 Cents per share a year ago. Net cash outflows from operating activities were AUD 489,781 against AUD 21,946 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 
