Wam Research Limited Reports Earnings Results for the Half Year Ended December 31, 2019
February 16, 2020 at 05:29 pm EST
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WAM Research Limited announced earnings results for the half year ended December 31, 2019. For the half year, the company announced net income was AUD 11.014 million compared to net loss of AUD 18.573 million a year ago. Basic earnings per share was AUD 0.0575 compared to basic loss per share of AUD 0.0984 a year ago.
WAM Research 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 and to achieve a high real rate of return, comprising both income and capital growth, within the risk parameters acceptable to the directors. It provides investors with exposure to a diversified portfolio of undervalued growth companies, which are generally small-to-medium sized industrial companies listed on the Australian Securities Exchange (ASX). It invests in various sectors, such as industrials, consumer discretionary, healthcare, real estate, financials, consumer staples, communication services, materials, information technology and energy. MAM Pty Limited is the investment manager of the Company.
WAM RESEARCH LIMITED 