WAM Microcap Limited Announces Maiden Interim Earnings Results for the Period Ended December 31, 2017
February 20, 2018 at 01:48 am
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WAM Microcap Limited announced maiden interim earnings results for the period ended December 31, 2017. For the period, the company reported an operating profit before tax of $37,214,910 and profit after income tax attributable to members of the company of $26,475,010. The profit was reflective of the strong performance of the investment portfolio. Net realized and unrealized gains on financial assets were $38,925,212. Other revenue from operating activities was $2,245,961. Basic and diluted earnings per share were 29.60 cents. Net cash used in operating activities was $122,981,493. Net tangible asset backing (after tax) per share was $1.27.
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 
