Pinnacle Investment Management Group Limited (ASX:PNI) Reports Half-Year Results
Financial Performance
Pinnacle Investment Management Group Limited reported a 16.7% increase in revenues, reaching $27,643 for the half year ended December 31, 2024. Net profit attributable to shareholders surged by 150.5% to $75,707. Earnings per share rose by 139.6% to 36.9 cents.
Dividends and Distributions
The company declared an interim dividend of 33.0 cents per security, with a franked portion of 23.8 cents, and a final dividend of 26.4 cents per security, with 19.0 cents franked. The dividend payment is scheduled for March 21, 2025.
Net Tangible Assets
Net tangible assets per security increased to $4.09, up from $2.05 in the previous corresponding period.
Associates and Joint Ventures
The aggregate share of net profits from associates and joint ventures rose to $74,313,000, compared to $37,319,000 in the corresponding period.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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