Pengana International Equities Limited (ASX:PIA) Announces Half-Year Results
Financial Performance
Pengana International Equities Limited reported income from ordinary activities of $41.1 million, up 189% from $14.2 million in the corresponding period last year. Profit after tax attributable to members reached $26.9 million, a 202% increase from $8.9 million. Basic and diluted earnings per share rose to 10.48 cents, up from 3.47 cents.
Dividends
The Board declared the first quarterly interim dividend of 1.35 cents per share, fully franked at 30%, paid on 16 December 2024. A second interim dividend of 1.35 cents per share, also fully franked at 30%, was declared on 21 January 2025 and will be paid on 17 March 2025. The Dividend Reinvestment Plan remains active, with 487,588 new shares issued during the period.
Portfolio Performance
The company’s portfolio delivered a return of 11.00% net of fees and expenses for the half-year ended 31 December 2024. The portfolio continues to focus on high-quality growing businesses positioned for long-term secular growth.
Net Tangible Assets
Net tangible assets per share increased to $1.42 from $1.28 at the end of December 2023. After tax, net tangible assets per share were $1.37, up from $1.23 in the previous year.
Motley Fool contributor Matt Burgess 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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