Cadence Capital outperforms market

Company News

Cadence Capital Limited (ASX:CDM) posted a rise in net profit to $5.5 million in their half yearly results to 31 December 2015.
 
Revenue from ordinary activities was up significantly to $11.5 million.
 
Chairman Karl Siegling said that 2016 has begun with increased volatility, but that the Cadence Investment process has once again enabled the fund to outperform the market by 2.12%.
 
Cadence Capital announced a 5 cent fully-franked interim dividend.
 
Mr Siegling said that given the record low interest rate environment in Australia, the company was pleased to deliver a healthy fully franked yield.