Barramundi Limited Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2016
August 22, 2016 at 10:15 am IST
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Barramundi Limited announced audited consolidated earnings results for the year ended June 30, 2016. For the period, the company reported total net income was NZD 9,030,000 against NZD 10,569,000 a year ago. Operating profit before tax was NZD 6,851,000 against NZD 8,094,000 a year ago. Net operating profit after tax attributable to shareholders was NZD 5,417,000 against NZD 8,272,000 a year ago. Profit attributable to owners of the company was NZD 5,417,000 against NZD 8,272,000 a year ago. Diluted earnings per share were 4.14 cents against 6.66 cents a year ago. Net cash outflows from operating activities were NZD 7,681,000 against NZD 5,708,000 a year ago. At 30 June 2016 the net asset value per share of NZD 0.67 against 30 June 2015 of NZD 0.70 per share.
Barramundi Limited is a New Zealand-based investment company that invests in growing Australian companies. The Company's investment objectives are to achieve a high real rate of return, comprising both income and capital growth, within risk parameters acceptable to the directors; and provide access to a diversified portfolio of Australian quality, growth stocks through a single tax-efficient investment vehicle. It offers investors access to a managed portfolio with a diversified exposure to the Australian equity market. It may invest in companies listed on the Australian Securities Exchange or unlisted companies. It invests in growing Australian companies and its portfolio holds between 25 and 35 stocks. The Company invests in various sectors, including materials, industrials, consumer staples, financials, health care, information technology, communication services, cash and derivatives, and consumer discretionary. The Company's investment manager is Fisher Funds Management Limited.
BARRAMUNDI LIMITED 
