WAM Research Limited (ASX:WAX) Reports Half Year Financial Results
Financial Performance
WAM Research Limited reported revenue from ordinary activities of $44.4 million, an increase of 84.2%. Profit before income tax rose by 76.7% to $36.7 million, while net profit after tax surged 75.0% to $26.35 million.
Investment Portfolio Performance
The investment portfolio increased by 21.3% in the six months to 31 December 2024, outperforming the S&P/ASX All Ordinaries Accumulation Index by 14.4% and the S&P/ASX Small Ordinaries Accumulation Index by 15.8%.
Net Tangible Asset Growth
Net tangible assets per share rose to $1.13 after tax, up from $1.01, reflecting an 18.1% growth.
Dividend Information
The Company declared a 5.0c interim dividend, partially franked at 60%, payable on 30 April 2025. A final dividend of 5.0c, partially franked at 60%, was also paid in 2024, maintaining a strong dividend yield for shareholders.
Dividend Reinvestment Plan
The Dividend Reinvestment Plan remains active, allowing shareholders to reinvest dividends into additional shares at the volume weighted average market price.
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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