Pinnacle Investment Management Group Limited Announces Consolidated Earnings Results for the Six Months Ended December 31, 2016
February 23, 2017 at 05:43 pm EST
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Pinnacle Investment Management Group Limited announced consolidated earnings results for the six months ended December 31, 2016. For the period, the company reported Revenue from continuing operations was AUD 4,848,000 against revenue from continuing operations of AUD 3,646,000 a year ago. Profit before income tax from continuing operations was AUD 3,203,000 against profit before income tax from continuing operations of AUD 3,346,000 a year ago. Profit from continuing operations was AUD 3,203,000 against profit from continuing operations of AUD 3,214,000 a year ago. Profit for the half-year was AUD 2,987,000 against profit for the half-year of AUD 2,949,000 a year ago. Profit for the half-year is attributable to owners of the company was AUD 2,828,000 against profit for the half-year is attributable to owners of the company of AUD 1,764,000 a year ago. Diluted earnings per share was AUD 2 against diluted earnings per share of AUD 1.6 a year ago. Net cash inflow from operating activities was AUD 4,435,000 against net cash inflow from operating activities of AUD 3,228,000 a year ago. Payments for property, plant and equipment was AUD 19,000 against payments for property, plant and equipment of AUD 85,000 a year ago.
Pinnacle Investment Management Group Limited is an Australia-based multi-affiliate investment company. The Company is focused on growing a diverse family of investment management firms (Affiliates). Along with holding equity interests in its Affiliates, the Company provides seed funding, global institutional and retail distribution, and industrial grade middle office and infrastructure services. The Company also provides non-investment services to its Affiliates. Its Affiliates product suite provides a variety of investment options across asset classes, including a range of managed funds, actively managed exchange traded funds (Active ETFs), listed investment companies/trusts (LICs/LITs), collective investment trusts (CITs), undertakings for the collective investment in transferable securities (UCITS), Delaware and Cayman funds. Its Affiliates include Spheria Australian Microcap Fund, Hyperion Small Growth Companies Fund, MCP Real Estate Debt Fund and Hyperion Broad Cap Composite.