WAM Active Limited Reports Earnings Results for the Year Ended June 30, 2017
August 03, 2017 at 09:23 am IST
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WAM Active Limited reported earnings results for the year ended June 30, 2017. For the year, investment revenue was AUD 1,740,710 compared to AUD 1,541,727 a year ago. Profit before income tax was AUD 2,685,866 compared to AUD 4,166,837 a year ago. Profit after income tax attributable to members of the Company was AUD 2,065,860 compared to AUD 3,139,348 a year ago. Basic and diluted earnings per share 15 5.7cents compared to 9.0 cents a year ago. Net cash used in provided by operating activities was AUD 6,753,623 compared to Net cash provided by operating activities was AUD 6,609,166 a year ago. Net tangible asset backing after tax per share was AUD 1.05 compared to AUD 1.04 a year ago. Revenue from ordinary activities was AUD 4,479,902. Net profit from ordinary activities after income tax expense was AUD 2,065,860.
WAM Active Limited is an Australia-based investment company engaged in investing activities, including cash, term deposits, and equity investments. The Companyâs investment objectives are to deliver a regular income stream of fully franked dividends, provide a positive return with low volatility, and preserve capital. The Company manages the market for various opportunities, including initial public offerings, placements, block trades, rights issues, corporate transactions (such as takeovers, mergers, schemes of arrangements, and restructures), listed investment companies (LIC), discount arbitrages, and short selling. The Company invests in various sectors, including financials, consumer discretionary, healthcare, consumer staples, materials and information technology. The Company's investment manager is MAM Pty Limited.
WAM ACTIVE LIMITED 
