Barramundi Limited Reports Earnings Results for the Year Ended June 30, 2018
August 20, 2018 at 12:54 pm EDT
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Barramundi Limited reported earnings results for the year ended June 30, 2018. For the year, the company reported interest income of NZD 101,000 against NZD 131,000 a year ago. Total net income was NZD 24,353,000 against NZD 5,694,000 a year ago. Operating profit before tax was NZD 20,194,000 against NZD 3,294,000 a year ago. Net operating profit after tax was NZD 20,487,000 against NZD 2,660,000 a year ago. Total comprehensive income after tax was NZD 20,487,000 against NZD 2,660,000 a year ago. Diluted earnings per share were 12.84 cents against 1.80 cents a year ago. Net cash outflows from operating activities were NZD 1,153,000 against net cash inflows from operating activities of NZD 8,198,000 a year ago. The company has delivered a strong result for shareholders, returning 22.6% 1 after fees and tax for the year ended June 30, 2018. This positive result was aided by a supportive environment and translated to a net profit of NZD 20.5 million. Total shareholder return was 10.1% for the period, reflecting the wider discount between the share price and the value of the portfolio.
Barramundi Limited is a New Zealand-based investment company that invests in growing Australian companies. The Company's investment objectives are to achieve a high real rate of return, comprising both income and capital growth, within risk parameters acceptable to the directors; and provide access to a diversified portfolio of Australian quality, growth stocks through a single tax-efficient investment vehicle. It offers investors access to a managed portfolio with a diversified exposure to the Australian equity market. It may invest in companies listed on the Australian Securities Exchange or unlisted companies. It invests in growing Australian companies and its portfolio holds between 25 and 35 stocks. The Company invests in various sectors, including materials, industrials, consumer staples, financials, health care, information technology, communication services, cash and derivatives, and consumer discretionary. The Company's investment manager is Fisher Funds Management Limited.
BARRAMUNDI LIMITED 
