Mirrabooka Investments H1 profit drops 16%

Company News

Mirrabooka Investments’ (ASX:MIR) net profit dropped 16 per cent to $3.7 million in the first half of the 2015 financial year.   

The investment company focuses on small to medium sized companies and also posted a fall in income from its trading portfolio. 

Mirrabooka has described the period as a complex environment with marked declines in energy, resource and related service companies’ share prices. 

Among the largest sales were James Hardie, Oil Search, Coca Cola Amatil and Ramsay Health Care.

New holdings included Cover-More Group, Energy Developments, Federation Centres, Vita Group and Transpacific Industries. 

A fully franked interim dividend of 3.5 cents per share has been maintained.