Powered by MOMENTUM MEDIA

Transformative year pays dividends at Clime

By Eliot Hastie
 — 1 minute read

Clime Investment Management Limited has announced a strong 2019 financial year result after what its chief executive called a transformative year.

Clime recorded an underlying cash profit of $3.22 million, up 46 per cent from the prior corresponding period and a statutory profit after tax of $1.46 million, up 37 per cent from the prior corresponding period. 

In the same year total assets under management grew by 8.1 per cent to $924 million, an increase of $69 million. 

Advertisement
Advertisement

Clime’s CEO Rod Bristow said the results were pleasing in a transformation year for the managers. 

“We launched tailored Private Wealth Advisory services for wholesale and sophisticated investor clients and commenced supporting financial advisers nationally with access to Clime’s high-quality investment solutions,” said Mr Bristow.  

“These new business initiatives are adjacencies to our traditional core business and diversify our income streams as well as widen the revenue base.”

Directors have declared a fully franked final dividend of 1.5 cent per share, bringing the total financial year dividend to 2.25 cents per share. 

Mr Bristow will update investors and shareholders further on the full-year results and an update on the company’s strategy in early September.


The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.

 

Transformative year pays dividends at Clime
investordaily image
ID logo

 

related articles

Website Notifications

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