Djerriwarrh profit dips

Company News

Djerriwarrh Investments Limited (ASX:DJW) says the market could remain volatile for months after booking a 14.7 per cent decline in full year profit of $37.7 million.
Djerriwarrh, which is one of Australia's biggest listed investment companies, says the rally on the ASX in the past 12 months has seen a number of call options exercised on some of its major holdings, including in the big banks. 
That contributed to the decline in the fund's full-year profit.
The blue-chip investment house, which has more than $850 million in funds under management, generated a net operating result of $35.1 million, compared with $37.9 million last year.
The fund's portfolio return was 19 per cent compared to the S&P/ASX 200 Accumulation Index return of 22.8 per cent.

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