WAM Microcap Limited Reports Financial Results for the Half Year Ended Dec. 31, 2019
February 12, 2020 at 03:30 am IST
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WAM Microcap Limited reported financial results for the half year ended Dec. 31, 2019. For the half year, the company reported profit after income tax attributable to members of the company of AUD 19,689,923 or 13.95 cents per basic share against loss of AUD 8,445,791 or 6.02 cents per basic share for the same period of last year. Revenue from ordinary activities was AUD 34,101,317.
WAM Microcap Limited is an Australia-based investment company. The principal activity of the Company is making investments in listed companies. The Companyâs investment objectives are to deliver a stream of fully franked dividends, provide capital growth in the medium-to-long term and preserve capital. The Company engages in investing activities, including cash, term deposits and equity investments. It provides investors with exposure to a diversified portfolio of undervalued growth companies listed on the Australian Securities Exchange (ASX). It provides investors access to a portfolio of undervalued micro-cap growth companies with a market capitalization of less than $300 million at the time of acquisition. It also provides exposure to relative value arbitrage and market mispricing opportunities. Its diversified investment portfolio by sector includes consumer discretionary, industrials, information technology, financials, and others. Its investment manager is MAM Pty Limited.
WAM MICROCAP LIMITED 
