WAM Capital posts strong profit
Publicly-listed fund manager, WAM Capital Limited has announced a 248.5 per cent increase in operating profit before tax to $103 million for the half year to 31 December, 2015.
The company announced to the Australian Securities Exchange (ASX) today that its investment portfolio rose 25.6 per cetn for the 12 month period to 31 December, outperforming the S&P/ASX All Ordinaries Accumulation Index by 21.8 per cent.
The directors declared a fully-franked interim dividend of 7.25 cents. An increase of 3.6 per cent over the previous corresponding period.
Commenting on the result, WAM Capital chairman, Geoff Wilson said the company had delivered a strong performance during a volatile and challenging year in the Australian stock market.
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