WAM Research Limited Reports Earnings Results for the Half Year Ended December 31, 2017
February 22, 2018 at 03:58 am
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WAM Research Limited reported earnings results for the half year ended December 31, 2017. For the period, investment revenue was AUD 3,436,148 against AUD 3,963,798 a year ago. Profit before income tax was AUD 20,435,957 against AUD 22,256,155 a year ago. Profit after income tax attributable to members of the company was AUD 15,065,047 against AUD 16,366,330 a year ago. Basic and diluted earnings per share were 8.83 cents against 9.23 cents a year ago. Net cash used in operating activities was AUD 28,578,291 against net cash provided by operating activities of AUD 45,360,865 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 
