WAM Active Limited Announces Earnings Results for the Half Year Ended December 31, 2017
February 21, 2018 at 10:57 pm EST
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WAM Active Limited announced earnings results for the half year ended December 31, 2017. For the half year, the company's revenue from ordinary activities was AUD 4,753,328. Profit from ordinary activities before income tax expense was AUD 3,283,317 against AUD 1,775,071 a year ago. Net profit from ordinary activities after income tax expense was AUD 2,423,739 against AUD 1,332,878 a year ago. Basic and diluted earnings per share were 6.2 AUD cents per share against 3.8 AUD cents per share a year ago. Net cash used in operating activities was AUD 6,025,699 against AUD 8,800,733 a year ago.
WAM Active Limited is an Australia-based investment company engaged in investing activities, including cash, term deposits, and equity investments. The Companyâs investment objectives are to deliver a regular income stream of fully franked dividends, provide a positive return with low volatility, and preserve capital. The Company manages the market for various opportunities, including initial public offerings, placements, block trades, rights issues, corporate transactions (such as takeovers, mergers, schemes of arrangements, and restructures), listed investment companies (LIC), discount arbitrages, and short selling. The Company invests in various sectors, including financials, consumer discretionary, healthcare, consumer staples, materials and information technology. The Company's investment manager is MAM Pty Limited.
WAM ACTIVE LIMITED 