Listed investment company WAM Capital (ASX:WAM) reported a record half year report, with its net profit after tax (NPAT) rising 48 per cent to $87 million in the first half of the 2018 financial year.
It comes as the company’s assets grew by about 9 per cent over the period and it generated a higher return than the All Ordinaires index.
The company’s sales revenue strengthened over the first half 2018 financial year, lifting 47 per cent to about $132 million.
The company declared an interim dividend of 7.75 cents per share fully franked.
Shares in WAM Capital are trading about 1.3 per cent higher to $2.40.