ECP Emerging Growth Limited (ASX:ECP) Announces Half-Year Results and Interim Dividend
Financial Performance
ECP Emerging Growth Limited reported a 6.4% investment portfolio performance for the half-year ended 31 December 2024, outperforming the ASX Small Ordinaries Index, which increased by 4.0%. Revenue from ordinary activities decreased by 5.7% to $348.5k, and net profit after tax fell by 75.5% to $1.04m. However, the net tangible asset backing per share rose by 9% to 170.3 cents.
Dividend
The Directors have resolved to pay an interim dividend of 2.4 cents per share, fully franked, to be paid on 13 March 2025. The record date for the interim dividend is 27 February 2025. The Dividend Reinvestment Plan will apply to this interim dividend, with the deadline for participation set at 28 March 2025.
Portfolio Performance
For the twelve months to December 2024, the portfolio achieved a 19.4% return, maintaining momentum with a since-inception performance of 14.5%. Despite a decline in net profit, the company’s net assets continued to grow, supported by portfolio growth and dividend payouts during the year.
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