Westoz sees positive quarterly performance

Company News

by Kathy Skantzos

Portfolio asset manager Westoz Investment Company (ASX:WIC) has reported a return of 16.7 per cent for the December quarter, with all major sectors showing positive returns and resources leading the way.

The company’s overall return for the financial year was 29.3 per cent.

The major contributors to the gain were Beach Energy, up 53 per cent, IMF Bentham, up 46 per cent, and NRW Holdings, up 31 per cent.

Cash holdings increased for the quarter, with assets rising to 24 per cent, up from 16 per cent since the end of September.

The company’s current financial year dividend is 6 cents per share.

Shares in Westoz Investment Company (ASX:WIC) closed 1.26 per cent lower yesterday to $1.18.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.