WAM Microcap Limited Announces Earnings Results for the Full Year Ended June 30, 2021
August 22, 2021 at 11:47 pm EDT
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WAM Microcap Limited announced earnings results for the full year ended June 30, 2021. For the period, the company reported net realised and unrealised gains on financial investments of $114,418,935 compared to $17,664,147 a year ago. Profit after income tax attributable to members of the company was $76,098,601 compared to $11,327,784 a year ago. Basic and diluted earnings per share was 38.89 cents compared to 8.01 cents a year ago.
WAM Microcap Limited is an Australia-based investment company. The principal activity of the Company is making investments in listed companies. The Companyâs investment objectives are to deliver a stream of fully franked dividends, provide capital growth in the medium-to-long term and preserve capital. The Company engages in investing activities, including cash, term deposits and equity investments. It provides investors with exposure to a diversified portfolio of undervalued growth companies listed on the Australian Securities Exchange (ASX). It provides investors access to a portfolio of undervalued micro-cap growth companies with a market capitalization of less than $300 million at the time of acquisition. It also provides exposure to relative value arbitrage and market mispricing opportunities. Its diversified investment portfolio by sector includes consumer discretionary, industrials, information technology, financials, and others. Its investment manager is MAM Pty Limited.
WAM MICROCAP LIMITED 