Oceania Capital announces lower half year results

Company News

by Kathy Skantzos

Investment company Oceania Capital (ASX:OCP) has announced a net profit after tax of $3.1 million for the half year to September 2017, which is down from the same period last year of $3.3 million.

Earnings before interest paid and tax (EBIT) was $3.7 million for this interim period, compared to $4.2 million for the same time in 2016.

Sunshine Coast Broadcasters revenue increased to $6.1 million this period from $5.4 million in the previous comparative period, and profit before interest and tax reached $2.1 million from $1.8 million.

Crimsafe saw a revenue of $19.5 million, up from $18.2 million in the previous period, and profit before interest and tax of $1.6 million, down from from $2.2 million.

No dividends have been recorded for this interim priod.

Shares in Oceania Capital (ASX:OCP) last traded on 21 November and closed 2.57 per cent higher to $2.79.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.