Barramundi Limited Reports Unaudited Earnings Results for the Six Months Ended December 31, 2017
March 15, 2018 at 04:04 pm EDT
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Barramundi Limited reported unaudited earnings results for the six months ended December 31, 2017. For the period, the company reported total net income of NZD 13,969,000 compared to NZD 2,674,000 a year ago. Operating profit before tax was NZD 11,940,000 compared to NZD 1,413,000 a year ago. Net operating profit after tax attributable to shareholders was NZD 12,659,000 or 8.33 cents per diluted share compared to NZD 1,113,000 or 0.77 cents per diluted share a year ago. Net cash from operating activities were NZD 350,000 compared outflows of NZD 8,328,000 a year ago.
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 
