WAM Research Limited Reports Audited Earnings Results for the Year Ended June 30, 2018
August 17, 2018 at 12:24 am
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WAM Research Limited reported audited earnings results for the year ended June 30, 2018. For the year, the company reported profit before tax of AUD 28.9 million for the year to 30 June 2018, a 42.2% increase on the previous year AUD 20.3 million and an operating profit after tax of AUD 21.6 million compared to AUD 15.6 million a year ago. Profit after income tax attributable to members of the company was AUD 21,600,279 compared to AUD 15,590,751 a year ago. Basic and diluted earnings per share were 11.58 cents compared to 8.64 cents a year ago. Net cash used in operating activities was AUD 21,860,646 compared to net cash provided by operating activities of AUD 44,456,450 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 provide a stream of fully franked dividends and achieve a high real rate of return, comprising both income and capital growth, within acceptable risk parameters. 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 consumer discretionary, industrials, cash, healthcare, information technology, financials, communication services, consumer staples, real estate, energy and materials. MAM Pty Limited is the investment manager of the Company.
WAM RESEARCH LIMITED 
