Microequities Asset Management Group Limited (ASX:MAM) Announces Half-Year Results
Financial Performance
Microequities Asset Management Group Limited reported revenues up 7.6% to $6.27 million and profit after tax up 46.4% to $4.72 million for the half-year ended 31 December 2024. Funds Under Management reached a record $650 million, increasing by 9%. Operating profit from investment management grew by 13% to $4.1 million.
Dividend Declaration
The company declared a fully franked interim dividend of 1.9 cents per ordinary share, to be paid on 7 March 2025, marking a 5.2% increase. The final dividend for the year ended 30 June 2024 was 1.8 cents per share, paid on 5 September 2024.
Net Tangible Assets
Net tangible assets per ordinary security increased to 17.94 cents, up from 16.11 cents in the previous period. The company’s balance sheet investments grew to $21.8 million as of 31 December 2024.
Outlook
Looking ahead to FY25, Microequities remains optimistic about attracting new investors, supported by a refreshed business development team and strategic investments in sales and marketing.
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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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