WAM Research Limited
(ASX:WAX) has posted a record half year operating profit after tax of $13.5 million, up more than 30 per cent on the same period a year ago.
In calendar 2013, the company's investment portfolio rose 29 per cent.
The significant rise in profit reflects the value of WAM's investment portfolio, which rose 17 per cent in the six months to December 31.
WAM also announced an interim dividend of 3.75 cents per share fully franked.
Chairman Geoff Wilson says the investment portfolio outperformed the market in calendar 2013 by almost 10 per cent.
