Arowana Australasian Value Opportunities Fund Ltd Announces Interim Dividend for the Period Ended December 31, 2017, Payable on April 5, 2018; Reports Earnings Results for the Half Year Ended December 31, 2017
The company reported earnings results for the half year ended December 31, 2017. For the period, the company reported total revenue of $619,323 against $382,629 a year ago. Total income was $17,005,774 against total loss of $3,584,328 a year ago. Profit before income tax benefit was $15,046,022 against loss before income tax expense of $4,168,115 a year ago. Profit before income tax for the period attributable to the owners of the company was $10,669,487 or 15.43 cents per basic and diluted share against loss before income tax for the period attributable to the owners of the company of $2,867,905 or 4.19 cents per basic and diluted share a year ago. Net cash outflow from operating activities was $11,484,069 against $8,252,582 a year ago.