Wam Active Limited Reports Earnings Results for the Half Year Ended December 31, 2019
February 19, 2020 at 04:43 am IST
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WAM Active Limited announced earnings results for the half year ended December 31, 2019. For the half year, the company announced net income was AUD 2.431 million compared to net loss of AUD 2.485 million a year ago. Basic earnings per share was AUD 0.0525 compared to basic loss per share of AUD 0.0562 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 
