WAM Capital announces record profit and increased fully franked dividend

Wilson Asset Management

WAM Capital today announced its highlights for the half year to 31 December 2015: Operating profit before tax of $103.0m, up 248.5%; 12-month performance 25.6%, outperforming the market by 21.8%; Fully franked interim dividend increased to 7.25 cents. Chairman Geoff Wilson said the Company had delivered a strong performance during a volatile and challenging year in the Australian stock market: “The investment team has again demonstrated both its value and commitment to WAM Capital’s shareholders, delivering an increase of almost 250% in pre-tax profit while holding a cash weighting of 31.5% over the year." View the full announcement here: (VIEW LINK)


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