WAM Capital posts record profit

Company News

by Jessica Ellerm

WAM Capital Limited (ASX:WAM) has announced its operating profit before tax has increased 85.7 percent to $132.3 million for the financial year. 
The record profit was driven by a 21.6 percent increase in the investment portfolio for the 12 months to 30 June 2016.
Top performing stocks for the portfolio included A2 Milk Company, Mayne Pharma Group and Blackmores, among others.
A fully franked final dividend of 7.25 cents per share has been declared, taking the full year payout to 14.5 cents per share.  
The Board of WAM Capital has also announced a new share purchase plan and placement for existing shareholders.

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