Investment company, Mirrabooka Investments (ASX:MIR) has released preliminary results for the year ending June 30 2018.
The company’s net profit was up 37 per cent to $10.4 million for the year.
Revenue from operating activities grew by 12 per cent to $10.5 million, compared with the prior corresponding period.
The company will declare a final dividend of 6.5 cents fully franked, which is the same as last year, plus a 2 cent special dividend which will be paid on the 13th of August.
Mirrabooka says the rise in full year profit is due to increased income from investments and a significantly higher contribution from the trading portfolio.
Shares in Mirrabooka (ASX:MIR) are trading 0.36 per cent higher to $2.80