WAM Research Limited Reports Earnings Results for the Half Year Ended 31 December 2016
February 14, 2017 at 11:31 pm
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WAM Research Limited reported earnings results for the half year ended 31 December 2016. For the period, investment revenue was AUD 3,963,798 against AUD 3,328,458 a year ago. Profit before income tax was AUD 22,256,155 against AUD 27,113,116 a year ago. Profit for the half year attributable to members of the Company was AUD 16,366,330 against AUD 19,537,510 a year ago. Basic and diluted earnings per share were 9.23 cents against 11.63 cents a year ago. Net cash provided by operating activities was AUD 45,360,865 against cash used in operating activities of AUD 5,098,460 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 
