WAM Capital sees record profit

Company News

by Jessica Amir

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.


Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.