Wam Active Limited Reports Earnings Results for the Full Year Ended June 30, 2020
August 27, 2020 at 02:08 am EDT
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WAM Active Limited announced earnings results for the full year ended June 30, 2020. For the full year, the company announced net loss was AUD 767,421 compared to net income of AUD 673,133 a year ago. Basic loss per share was AUD 0.0165 compared to basic earnings per share of AUD 0.0149 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. It 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 Companyâs listed investment companies include WAM Capital, WAM Leaders, WAM Global, WAM Research, WAM Active, WAM Microcap, WAM Alternative Assets, and WAM Strategic Value. The Company's investment manager is MAM Pty Limited.
WAM ACTIVE LIMITED 
