WAM Active Limited Reports Earnings Results for the Year Ended June 30, 2018
August 17, 2018 at 03:47 am IST
Share
WAM Active Limited reported earnings results for the year ended June 30, 2018. For the year, the company reported other revenue from operating activities was AUD 1,699,042 compared to AUD 1,740,710 a year ago. Profit before income tax was AUD 4,423,310 compared to AUD 2,685,866 a year ago. Profit after income tax attributable to members of the Company was AUD 3,415,830 compared to AUD 2,065,860 a year ago. Basic and diluted earnings per share 8.51 cents compared to 5.73 cents a year ago. Net cash provided by operating activities was AUD 2,010,678 compared to net cash used in operating activities of AUD 6,753,623 a year ago.
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 
