Wam Microcap Limited Announces Audited Earnings Results for the Full Year Ended June 30, 2020
August 27, 2020 at 03:16 am
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WAM Microcap Limited announced audited earnings results for the full year ended June 30, 2020. For the year, the company reported net realised and unrealised gains on financial investments was AUD 17,664,147 against AUD 8,117,349 a year ago. Profit after income tax attributable to members of the company was AUD 11,327,784 or 8.01 cents per basic and diluted share against AUD 7,026,565 or 5.00 cents per basic and diluted share 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 
