Mirrabooka half-year profit down 16 per cent

By Reporter
 — 1 minute read

Listed investment company Mirrabooka Investments Limited has posted a $3.7 million profit for half-year ending 31 December 2014.

The small-cap investor’s half-year profit was down 16 per cent on the previous corresponding period.

“This compares with $4.4 million for the corresponding period last year,” a statement from Mirrabooka said.


“There was only a marginal contribution from the trading portfolio over the six-month period this year in comparison to $0.6 million last year,” the statement said.

The listed investment company said its six-month return, including dividend paid, was -1.4 per cent. 

By comparison, the combined small and mid-cap market index benchmark was up 2.3 per cent.

“For the 12 months to 31 December 2014 Mirrabooka‘s portfolio return was 3.5 per cent compared with the combined index which was up 4.7 per cent,” the statement said.

“Whilst Mirrabooka does not have a high exposure to resources and related service sectors, short-term portfolio returns were impacted by declines in the value of ALS, Senex Energy, Tox Free Solutions and Oil Search.”

“Importantly the longer-term five-year performance for the portfolio return was 10.2 per cent per annum against the benchmark return of 1.7 per cent per annum,” it said.

Mirrabooka also said revenue from operating activities was $4.9 million, up 2.4 per cent on the previous corresponding period.


Mirrabooka half-year profit down 16 per cent
investordaily image
ID logo


related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.