WAM Microcap Limited (ASX:WMI) Announces Strong Half Year Financial Results
Financial Performance
WAM Microcap Limited reported a significant increase in revenue from ordinary activities, reaching $54.3 million, up 274.1% compared to the same period last year. Profit before income tax surged by 257.9% to $45.1 million, while net profit after tax rose by 240.6% to $32.5 million. The investment portfolio performed strongly, growing by 14.4% and outperforming the S&P/ASX Small Ordinaries Accumulation Index by 8.9%.
Dividend Details
The Board declared a fully franked interim dividend of 5.3 cents per share, payable on 30 April 2025. Additionally, a fully franked final dividend of 5.25 cents per share was paid during the period. The Dividend Reinvestment Plan remains open, allowing shareholders to reinvest their interim dividends based on the volume weighted average market price over four trading days starting from the ex-dividend date.
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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