Key Points
- Operating Profit before tax up 13.8%
- Profit After Tax down 18.6% due to absence of performance fees or realised capital gains
- Strong Balance Sheet position maintained
- Interim fully franked dividend of 4 cents per share
- Board advises shareholders to reject latest take-over offers from WH Soul Pattinson & Co and Pinnacle Investment Management Limited
Hunter Hall International Limited (ASX:HHL) today reported an Operating Profit before tax from investment management of $3.751m for the half-year ended 31 December 2016, a 13.8% increase to the previous half-year. As the Company did not earn any performance fees or realise any gains on its investment portfolio for the period, the Profit after Tax was $3.126m or 18.6% lower than the previous half-year.
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