Mirrabooka’s FY18 profit up 37 per cent

Company News

by Anna Napoli

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

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.