WAM Capital Limited (ASX: WAM) today announced an 85.7% increase in operating profit before tax to $132.3 million (2015: $71.2 million). The record profit was driven by a 21.6% increase in the investment portfolio in the 12 months to 30 June 2016. The Company reported an 81.5% rise in operating profit after tax to $98.0 million (2015: $54.0 million). Chairman Geoff Wilson said the Company had outperformed the S&P/ASX All Ordinaries Accumulation Index by 19.6% during a volatile year for the Australian equity market. The Company will pay a fully franked final dividend of 7.25 cents per share, bringing the full year fully franked dividend to 14.5 cents per share. The full year dividend represents an annualised fully franked dividend yield of 6.3% (based on closing price as at Friday, 22 July 2016). Read the full announcement: (VIEW LINK)
Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of ten investment professionals who offer a combined investment experience of almost 100 years.
Great numbers well done guys