Blue Sky posts $4.4m half-year profit

Blue Sky posts $4.4m half-year profit

Blue Sky Alternative Investments has announced a profit of $4.4 million for the six months to 31 December 2015, up 69 per cent from the prior corresponding period.


Blue Sky's net profit after tax for the first half of 2015-16 was $4.4 million, and its its revenue increased by 44 per cent to $23.8 million.

The company's directors anticipate that the company's underlying net profit after tax for the year ending 30 June 2016 will be between $14 million and $16 million.

Fee-earnings assets under management to the 31 December 2015 grew to $1.7  billion, up from $1.35 billion as at 30 June 2015.

Blue Sky managing director Mark Sowerby said alternative assets are set to become the largest investment class in Australia by 2021.

"Our strong and consistent decade-long track record of growth and investment performance across all our funds places us in a very competitive position," Mr Sowerby said.

"Blue Sky’s funds give investors access to investment opportunities in private markets. This is where the new ideas and growth companies of the future will be found.

"Our focus in recent years on the essentials – food, water, education, housing, student accommodation, agriculture and infrastructure – has been the key to this performance," Mr Sowerby said.

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Blue Sky posts $4.4m half-year profit
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